Argentina Proposes $71 Billion Debt Swap to Stabilize Finances
- Argentine President proposing a large debt swap of over $71B to stabilize finances and reduce deficit
- Would rollover 2024 maturities with new peso bonds issued in February
- Could be the largest domestic debt rollover in Argentina's history
- Comes amid broader economic shock therapy measures like currency devaluation and spending cuts
- Talks ongoing; swap aims to be voluntary with bonds tailored to banks' needs