Argentina's int'l reserves fall another 2.2%

ARGENTINA - Argentina's international reserves fell by 2.2% between 1 August and 2, according to latest data issued by the country's central bank.

The figure now stands at US$20.8 billion.

Analysts fear that if reserves fall to below US$13 billion, it could end the country's decade-old one-to-one currency peg to the US dollar where the government backs every peso in the system with one dollar.

Experts are cautious that this could spark off a meltdown in the peso.

They are also worried that the go

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