The government paid $ 9,600 million to the penultimate installment of its debt

International reserves of The Central Bank closed Wednesday at $ 64,679 million, after the payment of the penultimate installment of debt due to the Paris Club for $ 459 million.

By May 2020, the last installment is expected, amounting to about $ 1.9 billion. Argentina would pay a total of $ 9.6 billion.

This debt had fallen into default in 2002 and was renegotiated in 2014, when the candidate for the leadership of the governor of Buenos Aires, Axel Kicillof, was in charge of the Ministry of Economy.

Already last Thursday and Friday of last week, they had made two payments for a total amount of $ 1.409 billion, as they had specified on the part of the entity at that time.

Between this amount and this week, payments made amounted to US $ 1,868 million.

On Wednesday, and after this cancellation, according to the Summary of Financial Variables, the level of reserves decreased by $ 585 million compared to Tuesday's close of $ 65,264 million.

Therefore, from the BCRA, they explained that the intraday drop is due to the last payment of US $ 459 million to the Paris Club, plus the daily sale of US $ 60 million on behalf of the National Treasury.

The Paris Club includes 19 countries (Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Israel, Italy, Japan, Holland, Norway, Russia, Spain, Switzerland, Sweden, England and the United States). Argentina contracted various debts from 1956.

Renegotiations took place in the years 1962, 1965, 1985, 1987, 1989, 1991 and 1992. In 2001, they failed again following the crisis which ended the convertibility system in force since the beginning of the 1990s. 1990s in Argentina.

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