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RTRS runs comments from the Argentine.....>

ARGENTINA
ARGENTINA: RTRS runs comments from the Argentine central bank as it confirms
that it will continue with foreign exchange market interventions to help
stabilize the peso. The central bank also noted that it will continue to
implement "restrictive monetary policy."
- Earlier comments from the country's Finance Minister revealed that the
government is proposing a bill to extend the maturities of the country's
sovereign debt, which the IMF has be notified of. The proposed measures will not
consist of a haircut for bondholders and will not harm individual retail
holders. Foreign law bonds will be discussed with bondholders, according to
comments on BBG. Argentina will continue to pay coupons on the bonds.
- Argentine officials also noted that the ARS is valued far away from its
long-term equilibrium.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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