Argentina’s Ministry of Economy announced that it will purchase just over $1.5 billion from the central bank to cover interest payments on the Globales and Bonares bonds maturing in January 2025.This announcement follows President Javier Milei’s government unveiling a plan to halt the expansion of the monetary base to tackle inflation, which is approaching 300 per cent annually.
July 15, 2024
SOURCE: AMWAL ALGHAD
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Argentina to buy $1.5b to cover matured bonds