Argentinian government will use 42% of central bank’s dollar reserves in 2015

Country’s central bank has $28.4 billion in international reserves

banco-central-de-la-republica-argentina
The Central Bank of Argentina

The Argentinian government plans to use $11.9 billion of the international reserves of the central bank to pay "public debt to private bondholders" next year, according to a draft of the 2015 budget, presented last week to parliament.

The figure represents 41.9% of the actual reserves of the Central Bank of Argentina, according to the latest data released by the institution. On September 5, the central bank had $28.4 billion in international reserves.

This is not the first time the Argentinian

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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