Through the Joint resolution 7/2024 of the Ministry of Economy, the Ministry of Finance and the Ministry of Finance published this Friday in the Official bulletinconfirmed the extension of the issuance of a non-transferable National Treasury bill in Dollars due on January 7, 2034.
This letter was originally issued by the Ministry of Economy on January 3, 2024, for an amount of up to US$7,941,035,741.11.
Treasury bill: the reasons behind the expansion
According to the official text, the extension of the issuance of this letter It is due to the fact that on January 30, 2024 the amortization coupon and twentieth interest coupon of the Non-Transferable National Treasury Bill in Dollars expire. subscribed by the BCRA and, as mentioned above.
In addition, on January 31, 2024, the first interest coupon of the “Nontransferable National Treasury Bill in dollars due July 31, 2024”, subscribed by the Central, expires.
To cancel these services, the Ministry of Economy will deliver to the BCRA the non-transferable National Treasury bill maturing on January 7, 2034, expanded by an amount of up to $7,941,035,741.11.
The official text highlights that the expansion of this letter is within the established limits and the measure is dictated by virtue of the powers provided for in article 37 of law 27,701. The measure comes into force from the day of its publication in the Official Gazette.
In summary, the Government expands the issuance of a non-transferable National Treasury bill in dollars maturing on January 7, 2034, for an amount of up to US$7,941,035,741.11.
This extension is due to the fact that the BCRA must cancel two interest services and amortization of non-transferable bills, and for this it will receive said instrument from the National Treasury as consideration.
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