The Argentine government will issue 5.4 trillion pesos ($5.992 billion) in debt to renew existing commitments.The government issued these short-term fixed-rate bills in large quantities last month. This strategy can prevent further devaluation of the peso and reduce inflationary pressures. Additionally, capturing local currency liquidity through these operations can stabilize the exchange rate.
June 11, 2024
SOURCE: RIO TIMES
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