# Argentina delays payments on debt after calling for good faith - Gulf Times

> Argentina delayed payments on about $9.1bn of dollar-denominated Letes notes until August 31 after calling on bondholders to negotiate a restructuring in good faith. Notes held by provinces and individuals are exempt from the delay.

- Date: 2019-12-21 · published 2019-12-21T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/55851-argentina-delays-payments-on-debt-after-calling-for-good-faith-gulf-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The payment delay reduces near-term dollar financing needs but signals debt stress that can weigh on the peso and on Argentine import capacity. For feed buyers, the impact is mostly on currency and the country's ability to finance grain and meal trade.

## Read by commodity

- USDARS: bullish ▲

## Sources

- gulf-times.com: https://www.gulf-times.com/story/651265/argentina-delays-payments-on-debt-after-calling-for-good-faith

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.