Argentina 'will not force savings swap'

ARGENTINA - Thousands of savers in Argentina will not be forced to swap their bank deposits for government bonds, the country's president has said.

"There will not be mandatory bonds," President Eduardo Duhalde told a press conference on Saturday.

Last month, the Argentine government offered the savers a chance to convert their savings into bonds, in an attempt to end the freeze on savings without leading to the collapse of the country's banking system.

Restrictions on savings were imposed in

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