President Mauricio Macri said he will repatriate $1.3 million in savings from the Bahamas and use the money to buy Argentine treasury bonds because he is confident the struggling economy will recover and thrive.
Macri said on Monday the money was deposited in Merrill Lynch accounts in Switzerland and the U.S., but it was transferred to the Bahamas after Swiss private bank Julius Baer Group bought the Merrill Lynch overseas wealth management unit from Bank of America.
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