Argentina Peso Plunges to Record Low After Macri Pushes IMF

The video discusses the recent tumble in currency at the start of trading, with insights from Vince Cignarella, a macro strategist at Bloomberg. The market perceived the announcement of seeking IMF funds as a sign of desperation, leading to a significant drop in the peso. The discussion highlights Argentina's ongoing economic challenges, including inflation and insufficient reserves, and the historical context of these issues.

What has been a long-standing issue in Argentina's economy?

What was the impact of Macri's policies according to the speaker?