The creeping hand of the state

Inside Redrado’s battle for Argentina’s central bank
Redrado’s tenure
The end of the Redrado era: a timeline




The move to grab Argentina’s central bank reserves is the latest in a series of government moves to access cash. With $13 billion of debt to pay this year and a hole in its budget of between $2 billion and $7 billion, the government urgently needs to raise funds.

With no access to the international capital markets until Argentina completes a swap with the holdout investors of its defaulted debt, the government has tried to raise money in several different ways.