Argentine peso crashes after Macri gets thumped in primary election
Monday, 12 August 2019 Argentina's beleaguered peso currency collapsed 30.3% to record 65 per U.S. dollar on Monday, traders said, after market-friendly President Mauricio Macri's worse-than-expected performance in the country's Sunday primary election.
Argentine President Mauricio Macri will eliminate the sales tax of some basic food products. According to Reuters, those include bread, sugar and milk. The sales tax elimination will begin immediately..