Argentina’s central bank on Tuesday rolled over billions of dollars in short-term debt, providing President Mauricio Macri’s government with a shot of confidence after weeks of economic volatility.
In a statement, the central bank said it refinanced all of the $26 billion of peso-denominated securities, known as Lebacs, that are set to expire this week, while auctioning off new debt worth another $200 million. The central bank said the interest rates ranged from 40% for the 36-day Lebac to 38% for the 154-day note.
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