Argentina's government said on Thursday that major creditor the International Monetary Fund (IMF) had originally wanted a '100%' devaluation of the country's embattled peso currency, before the two sides agreed to a correction of 18% made earlier this week.
A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. REUTERS/Agustin Marcarian/Illustration/File PhotoBUENOS AIRES, Aug 17 - Argentina's government said on Thursday that major creditor the International Monetary Fund had originally wanted a "100%" devaluation of the country's embattled peso currency, before the two sides agreed to a correction of 18% made earlier this week.
"Finally, the agreement we reached, which will mean that next week we will have almost $8 billion in disbursements, closed near 20%," Massa, also the ruling Peronist coalition's presidential candidate, said late on Wednesday.
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