Central Banking

Argentine gov't to withdraw quasi-currencies

An agreement reached on Thursday means nine of the ten issues of quasi currencies can be removed from the system in Argentina. The move which came during the currency crisis in the South American nation complicated Argentina's monetary situation and created a major headache for the central bank.

Source: Associated Press

President Eduardo Duhalde has reached agreement with nine of Argentina's provinces for the government to retire billions of pesos worth of bonds that have been circulating as cash

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