Gov't makes final payment of Boden 2012

The Government today made its final $2.2 billion payment on bonds issued to savers whose dollar- denominated bank accounts were frozen by the government a decade ago.

“We have finished paying,” the Economy Ministry said on its website, where a digital display had shown the countdown to the payment.

The disbursement closes a chapter for Argentina, which issued the securities in 2002 after it limited withdrawals from bank accounts and defaulted on $95 billion of debt. Owners of dollar accounts were given the choice of accepting the so-called Boden bonds, which are denominated in the US currency, or having their money converted into pesos.