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Argentina begins next week to pay debts with Central Bank reserves
Mercopress
March 31, 2010

Following an Argentine federal court ruling approving the use of Central Bank reserves for the payment of foreign debt the administration of President Cristina Fernandez de Kirchner will begin transactions next week using the liberated funds.

"Argentina is finding its way out of the default" said Interior minister Florencio Randazzo, adding that the government "has been allowed" to pay the debt with Central Bank reserves. He specified that a payment will be made next week for more than 200 million pesos.

For full text of the article, visit: http://en.mercopress.com/2010/03/31/argentina-begins-next-week-to-pay-debts-with-central-bank-reserves

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