Argentina to pay sovereign debts in 2012 with 5.7bn from the Central bank

Wednesday, September 21st 2011 - 06:14 UTC

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The Argentine government plans to trim its dependence on central bank reserves to pay debt next year after tapping savings to slow depreciation of the Peso, according to its draft 2012 budget. Read full article

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xbarilox
“The use of reserves to pay debt may undermine the central bank’s capacity to manage the exchange rate if turbulence in global markets reduces dollar inflows to the country, said Daniel Volberg, an economist at Morgan Stanley in New York.” you want that soooo much! :)
Sep 21st, 2011 - 02:44 pm - Link - Report abuse 0
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