Tuesday, November 22, 2022
HomeNightlifeArgentine Central Financial institution rescues Treasury debt with extra money issuance

Argentine Central Financial institution rescues Treasury debt with extra money issuance


The Argentine authorities’s debt tender resulted in a bitter failure.

The nationwide Treasury needed to be helped by the rescue of different authorities companies.

The Argentine Central Financial institution (BCRA) issued ARS 300 million (US$1.9 million) to purchase public bonds that the personal sector now not desires to resume.

The financial group led by Sergio Massa succeeded in a public bond tender in pesos for as much as ARS 63,592 million, an quantity far exceeding the maturities foreseen for the present week.

However the composition of the holders of those bonds hides a very dramatic actuality.

The personal . . .

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