Argentina Initiates $2 Billion Repurchase Agreement to Strengthen Reserves

Reported about 8 hours ago

Argentina's central bank has announced a repurchase agreement of up to $2 billion to bolster its foreign reserves, ahead of an impending review with the IMF regarding a newly signed $20 billion loan agreement. The initiative comes as the country reports $38.60 billion in reserves, just short of the $40 billion target.

Source: YAHOO

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