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Minister Alfonso Prat-Gay takes part in meetings with the IMF and the World Bank, shortly after the end of the default.. The Argentine debt restructuring is a process of debt restructuring by Argentina that began on January 14, 2005, and allowed it to resume payment on 76% of the US$82 billion in sovereign bonds that defaulted in 2001 at the depth of the worst economic crisis in the nation's ...
In 2006, Argentina re-entered international debt markets selling US$500 million of its Bonar V five-year dollar denominated bonds, with a yield of 8.36%, mostly to foreign banks, and Moody's boosted Argentina's debt rating from B− to B. [152] In early 2007 the administration began interfering with inflation estimates. [clarification needed] [153]
Argentina said on Tuesday it would launch a voluntary debt swap for some 1.5 trillion Argentine pesos ($9.4 billion) of payments coming due as it looks to ease a year-end repayment crunch and ...
1 year bond The 2018–present Argentine monetary crisis is an ongoing severe devaluation of the Argentine peso , caused by high inflation and steep fall in the perceived value of the currency at the local level as it continually lost purchasing power, along with other domestic and international factors.
(Bloomberg) -- Argentina’s move to delay a $1.4 billion local bond payment this week hardly made a ripple in the broader world of global investing, with most outsiders seeing it as a sideshow ...
Argentina is closing a year of "endless storms," in the words of President Mauricio Macri. Here are some of the key events in Argentina's very bad year. Jan. 23: Argentina posts $8.5 billion trade ...
The BONEX Plan was a forced conversion of bank time deposits to Treasury bonds performed by the Argentine government in January 1990. [1] It was put in place following a 3079,5% hyperinflation in 1989, [2] as heterodox stabilization programs failed. [3] US$3 billion worth of the public's deposits were converted to "Bonex 89" bonds to be repaid ...
LONDON (Reuters) -Argentina plans to tap a $7.5 billion disbursement from the International Monetary Fund to repay China part of the money it borrowed through a currency swap line, two sources ...