Argentina Offers New Bonds to Depositors
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Bloomberg News
Argentina, in default on $95billion in bonds, offered depositors new dollar- and peso-denominated securities to replace savings the government seized three months ago.
The three tradable bonds would give depositors limited access to cash without forcing the government to end withdrawal restrictions started to avert bank failures.
The government also announced new export taxes aimed at raising more than $1 billion a year.
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