Argentina government: IMF had wanted "100%" peso devaluation
Argentina's government said on Thursday that major creditor the International Monetary Fund (IMF) had originally wanted a "100%" devaluation of the country's embattled peso currency, before the two sides agreed to a correction of 18% made earlier this week. The comments, made by a government spokeswoman after similar ones by Economy Minister Sergio Massa, underscore rising pressure on the peso, which was devalued and pegged at 350 per dollar on Monday, though trades nearer 800 in parallel markets. Amid talks to speed up payouts from the country's $44 billion IMF prog...
Source: yahoo.com
