Argentina’s President Cristina Kirchner has had strong words regarding the ongoing dispute with the United States over how and where her country should pay its debts, depositing money in a local bank in defiance of a US court.
A US court ruling previously blocked Argentina from making $539m in interest payments to the majority of bondholders until a deal with hedge fund creditors was reached.
The hedge funds reject the restructuring accepted by 93 percent of bondholders and are demanding a full payout of $1.5bn on bonds they hold.
Kirchner had long refused to negotiate with the hedge funds, calling them “vultures” for picking on the carcass of the country’s record $100bn default in 2001.
The government has meanwhile deposited $170m in a local bank to meet interest payments, a move designed to bypass the jurisdiction of US courts.
Al Jazeera’s Daniel Schweimler reports from Buenos Aires.