Argentina Central Bank May Issue USD Notes Aimed at Importers

Argentina note to be offered for payment of import debts, according to a statement published Wednesday by the central bank.

• The notes’ maximum term is Oct. 31 2027, but can be redeemed before that
• Argentina note for importers will have max annual rate of 5%
• Argentina note for importers can be purchased with ARS at the official rate
• When the notes are auctioned, the central bank will determine if they will be able to trade in secondary markets
• NOTE: Argentina Devalues Peso by 54% in First Batch of Shock Plans

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