$4.5bn worth (c. 1/10th of Argentina's budget and 1/100th of their foreign debt)
administration didn't want to tell it was moved
info leaked by bank workers
administration says it is to get yield (interest ) on the holdings
This sounds like another LBB move. Destination is City of London, they get paid nominal interest and LB banks get to play with it to move the price of paper gold.
Key words from article:
This sounds like another LBB move. Destination is City of London, they get paid nominal interest and LB banks get to play with it to move the price of paper gold.