Argentine congress approves central bank law

Argentina's Congress approved a law Wednesday night to increase central bank autonomy. Under the law, approved by a vote of 112-41, the central bank will be allowed to temporarily advance the government funds in order to make debt payments to organizations such as the IMF, directors at the central bank will be given more immunity from prosecution and provinces will be prohibited from printing IOUs to pay workers.

Source: Bloomberg

Argentina's Congress approved a law last night to improve central

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