Argentina Proposes Bill to Allow Dollar Contract Payments in Pesos


BUENOS AIRES–Argentine President Cristina Kirchner has submitted a bill to Congress that would allow debtors to pay U.S. dollar-denominated contracts in pesos.

The bill comes amid a broad government push to wean Argentines off their long-held preference to use dollars for major transactions. It’s unclear if the bill will apply retroactively or if it could affect government debt.

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One Response to Argentina Proposes Bill to Allow Dollar Contract Payments in Pesos

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