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Argentina's Debt Swap Proposal
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Argentina's Debt Challenges
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Argentina is proposing a $71 billion debt swap to banks for peso notes due in 2024, aiming to postpone maturities and reduce financial deficit. The proposal was made to local and foreign banks by Economy Minister Luis Caputo and Finance Secretary Pablo Quirino, with new peso bonds to be issued in February.
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How could similar debt swap strategies be applied in other countries facing financial challenges?
How might the debt swap impact Argentina's credit rating and borrowing costs?
What are the potential implications of the debt swap proposal on Argentina's economic stability and foreign investments?
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