With the peso in a freefall, many Argentinians can't pay their bills and resort to an alternative economy: bartering. So-called "trugue markets" pop up all over the country
Argentina's former Vice President Amado Boudou has been sentenced to prison for corruption. He is close to former President Cristina Fernandez Kirchner, who also faces multiple corruption allegations.
Turkey's lira has fallen to a record low as US sanctions and the effects of an overly politicized monetary policy kick in. President Erdogan's virtual economics may be about to hit a wall of hard truths.
Inflation has hit 25 percent, the Argentine peso has lost about 20 percent of its value against the US dollar, and the federal budget is in deficit. The government hopes the IMF loan will get the country back on track.
Argentina's central bank has performed a series of rapid-fire rate hikes to help stabilize the national currency. The country wants to prevent a repeat of its 2001-2 economic crisis that left its population in poverty.
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