3 September 2024
Argentina’s central bank has sent a portion of its gold reserves abroad for financial validation, potentially to use as collateral for future financing. This move could provide the country with much-needed financial flexibility amid low international reserves and economic challenges. The central bank confirmed the transfer but did not disclose specific details, citing confidentiality. This action underscores the ongoing economic difficulties faced by President Javier Milei’s administration, including the struggle to lift currency controls and manage debt obligations.