It’s been a dizzying 24 hours in Argentina. The peso plummeted 19 percent versus the U.S. dollar. It seems to be stabilized this morning at 7.9, down more than 8 percent from a day ago. The incident is a reminder of the economic turbulence in Argentina a little over a decade ago, with the currency swings that came the country defaulted on its debts. Click the audio player above to hear the BBC’s Andrew Walker discuss the story.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.