The Peso Keeps Sliding as Argentine Government

The Peso Keeps Sliding as Argentine Government Looks for Debt “Reprofiling”

The Argentine peso continued its slide in recent hours, and the South American nation’s risk increased to unprecedented levels since the 2005 administration. The slump occurred shortly after the current government revealed plans to “reprofile” approximately $100 billion of its debt. The aforementioned scenario has left investors on the lookout, evaluating the possible consequences of…