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LatinNews Regional Monitor: Brazil & Southern Cone - 27 June 2019

In brief: Argentina

* Argentina’s national statistics institute (Indec) has released its balance of payments report for the first quarter of 2019 which shows that the country’s foreign debt totalled US$275.8bn at the end of March this year. This is a US$2.1m reduction on the previous quarter, principally due to the reduction of the value in US dollars of debt issued in pesos (which accounts for 8% of total debt). However, Argentina’s stock of foreign debt has increased by US$22.9bn in the first quarter of 2019 compared with the same period last year. The majority of the debt (62%) is held in US dollars.