Argentina Peso—$50 Billion IMF Bailout And Still Plunging

Today the Argentina peso plunged another 5.5% against the US dollar. It now takes ARS 27.7 to buy $1. Over the past 16 years, the peso has gone through waves of collapses. This collapse began on April 20.

https://wolfstreet.com/2018/06/14/seems-impossible-but-argentinas-peso-was-able-to-collapse-further-despite-50-bn-imf-bailout/