Markets

Argentina peso ends year down more than 50 percent versus dollar

Published December 28, 2018 Updated December 28, 2018 07:22pm

Argentine financial markets will be closed on Monday and Tuesday for the New Year holiday.

With the economy in recession, the final months of 2018 were tough for average Argentines who saw their purchasing power eaten away by inflation, which is expected to finish the year at over 47 percent.

Copyright Reuters, 2018