Argentine central bank funds to cover $6.7bn debt

Argentina's president said Tuesday that the authorities would dip into the central bank's coffers to repay the country's $6.7 billion debt to the so-called Paris Club group of creditor countries.

The debt amounts to about a seventh of the Central Bank of Argentina's foreign-exchange reserves, which totalled $47.1 billion as of 1 September.

"I have instructed the minister for economics [Carlos Fernandez] to use the central bank's reserves to cancel our Paris Club debt," said Cristina Fernandez

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