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Interest on the debt paid by Argentina’s  Central Bank exceeds the entire primary deficit of the Government

The accumulated debt of the Central Bank of Argentina (BCRA) is so large that more expenses than the entire primary deficit of the National Public Sector are allocated for its interest alone.

The massive indebtedness of the BCRA increases the prospects for a greater future devaluation.

The financial snowball at the Central Bank of Argentina grew to the most dangerous levels in more than 30 years.

The remunerated liabilities of the BCRA represented an amount . . .

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