
© Reuters. FILE PHOTO: Argentine 100 peso payments are displayed on this image illustration taken September 3, 2019. REUTERS/Agustin Marcarian/Illustration/File Photo
BUENOS AIRES (Reuters) – Argentina’s authorities positioned 2.96 trillion pesos ($3.7 billion) at a debt public sale on Wednesday, based on an economic system ministry assertion, coming within the second week of libertarian President Javier Milei’s time period.
Earlier this week, Milei’s authorities eradicated so-called Leliq transactions, as an alternative providing short-term peso-denominated belongings in an effort to broaden the debt devices out there in traders.
The public sale marks the primary such debt placement within the home market from the brand new authorities.
The quantity positioned additionally totaled greater than a 3rd of the foreign money circulating in Argentina’s ailing economic system, which suffers from surging triple-digit inflation in addition to a rising poverty charge.
The nominal worth of the public sale was about 2.5 trillion pesos, based on the ministry.