Argentina drops dollar in debt payments ...News

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Argentina drops dollar in debt payments
Short on greenbacks, the South American nation has paid part of its IMF loan with Chinese yuan Argentina made its latest payment on its $44 billion-loan to the International Monetary Fund using its stock of Special Drawing Rights (SDRs) and Chinese yuan, according to the Economy Ministry. The SDRs are an asset within the IMF created to supplement countries’ official reserves. According to government spokeswoman Gabriela Cerruti, the payment was made without tapping into the Central Bank’s US dollar reserves. “This way, we comply with what we agreed upon with the Fund and, at the same time, we don’t use [internatio

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