Over 4 million Venezuelans fled their country last year. Trying to escape poverty and an increasingly unstable country, many moved to Argentina. But it now has problems of its own
Argentina's spiraling peso rallied slightly after the country imposed capital controls. Despite government assurances, long lines formed outside banks with people worried about being able to withdraw their cash.
An election that was a litmus test for the October presidential election has dealt a blow to President Mauricio Macri. Argentines sent a resounding message of rejection of Macri's handling of the country's economy.
Argentina has imposed currency controls and seeks more time to repay its massive debt as part of efforts to stem fresh turmoil in financial markets. DW explains why the specter of another default looms ever larger.
President Mauricio Macri's government has imposed foreign-exchange controls on Argentine exporters. A week of financial uncertainty has led to a sharp drop in the value of the peso.
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