Argentine central bank criticises economy ministry

ARGENTINA - Argentina's central bank has criticised the economy ministry for submitting a written request with the country's largest state-owned banks last week to restructure their operations, local press reported.

In a letter sent to Banco Nacion, Banco Ciudad and Bapro, the economy ministry urged 20-30% operational spending cuts, preparations for partial stock exchange listings and fewer branches.

The central bank responded in a letter to the economy ministry, several other ministers, the

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