La Libra, Facebook's digital currency, announced for 2021 in reduced format

The launch of Facebook's digital currency, Libra , could take place in 2021. The project may benefit from favorable factors in the global economy, but regulators will have to be convinced first.  Facebook could launch Libra, its digital currency in 2021, we learn from the British media Financial Times, which quotes people close to the process. The product is expected to arrive in a limited version, after the project has met with great aversion from regulators, including in the United States, the country where the headquarters of the social media management company are located. The stakeholder association behind this digital currency project is now planning to launch a single version of Libra that will itself be pegged to the dollar, at the rate of one unit of US currency for each Facebook digital currency . “The other forms of currencies will be deployed at a later stage,” the FT source added. The exact launch date will depend on when the project

Argentina: creditors must answer on debt restructuring

Tuesday is Argentina's deadline for private bondholders to accept or reject its debt restructuring proposal, even though creditors have already indicated they are rejecting the Buenos Aires offer.

Argentina: creditors must answer on debt restructuring
This is the last-ditch offer for Argentina's private creditors, according to Argentine President Alberto Fernandez, who says it represents the maximum effort the country can take. The government proposed in early July to restructure the country's $ 66 billion debt.

In detail, the executive proposes to repay only $ 53 and a half for every $ 100 of the face value of the bonds. A proposal that the creditors have already refused a week ago. They want a higher refund. A possible deal with them, however, falls far short of solving Argentina's debt problem, which stands at $ 324 billion, or 90% of its gross domestic product.

The Argentine government does not have much room for maneuver as the country has officially been in default since May. It also faces a poverty rate of 35% and galloping inflation. The economy has even been in recession since 2018 and the pandemic only deepens the economic crisis.