Argentine President Cristina Fernandez announced a new plan Monday to use reserves to pay some of the national debt after legal wrangling complicated her original idea of creating a $6.6 billion fund from reserves.
Fernandez's new decree calls for the use of $4.1 billion in reserves to pay debt, with a congressional comission overseeing payments.
The original decree announced in December led her to fire the Central Bank chief who balked at setting up the $6.6 billion fund.
But new plan angered opposition congressman Alfonso Prat Gay, who insisted reserves must not be used to pay off debt.
"This is disrespect for the law," he said.
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