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RIO DE JANEIRO, BRAZIL - Argentina, which is facing a domestic currency crisis, strict capital controls and a drop in its foreign reserves, is trying to attract cautious investors, with a bond issue tied to the US dollar auctioned on Tuesday.

The bond is part of a range of government and local central bank measures to restore confidence in the Argentine peso and encourage local savings. Argentina has restructured over US$100 billion in foreign currency debt in recent months.

The restructuring, which includes US$65 billion in debt issued under foreign law, has helped to pull the country out of . . .

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