"Argentina's Landmark $65 Billion Bond Swap Signals Shift in Debt Strategy"

Argentina has initiated a record bond swap in an effort to dismantle currency controls and pave the way for economic reform. The country aims to restructure around $65 billion of its foreign-law bonds, which would allow it to regain access to international financial markets and potentially attract investment. This move is part of President Alberto Fernández's broader plan to revive the struggling economy and address the country's fiscal challenges.