Argentina: largest default in history

Argentina - On Sunday Argentina announced the largest sovereign debt default in history, declaring it would stop paying its $155bn public debt. The new government headed by president, Adolfo Rodriguez Saa, said the country would resist pressure to devalue the peso and create a "third currency" in an effort to resuscitate the economy.

In a speech to congress Mr. Rodriguez Saa said the third currency would allow funds to be channelled into social programmes to calm the social unrest which led

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: