Argentina negotiating loan with the IMF

|By:, SA News Editor

Echoes of 2001? Argentina's peso is in rebound mode against the dollar after the Latin American nation opened talks with the IMF over a reported $30B financial aid package.

On Friday, Argentina's central bank hiked rates for the third time in eight days to a whopping 40% - the highest overnight interest rate in the world - attempting to reign in the country's rampant inflation.


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