Chairman of the Central Bank of Argentina urged the Central Banks of developed countries to include in their reserves sovereign bonds of emerging markets

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The chairman of the Central Bank of Argentina, Luis Caputo, speaking at a conference of heads of the financial sector in Mendoza, appealed to the leading banks of developed countries to invest up to 2% of reserves in developing countries that were granted loans from the International Monetary Fund, Bloomberg reported. Argentina also received a $50 billion credit line from the IMF at the end of June. Caputo said that he had already discussed his proposal with the chairman of the European Central Bank Mario Draghi and the head of the Bank of International Settlements Agustin Carstens.

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