Argentina to repay $6 billion in debt

Axel Kicillof, Minister of Economy of Argentina speaks to the news media at the United Nations April 27, 2015Argentina will repay $5.9 billion of its debt on Monday in keeping with its repayment schedule, the country’s economy minister said Friday. It is the largest payment in one installment in a decade,” Economy Minister Axel Kicillof said. The payment will be made by drawing on the country’s foreign exchange reserves, which showed a balance of $32.5 billion Friday.

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