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The Central Bank under President Mercedes Marco del Pont (pictured) bought $9.6 billion usd through October, up from $3.3 billion in all of 2009, making its peso the only major Latin American currency to decline this year and increasing reserves to a record $52 billion.
The purchases have made Argentine's dollar bonds- up 40%- the best performer in the major emerging markets this year.
The usd build-up is also increases investor confidence that Argentina will meet its debt obligations in the next two years.
