Pay up or return money, Argentina tells debt row banks

BUENOS AIRES: Argentina told Citibank and Bank of New York Mellon on Monday to either execute its debt payments or give it back money frozen in its dispute with two creditors.

A US federal judge has ordered the banks not to transfer payments on the debt Argentina restructured after its 2001 economic crisis until the country settles a US$1.3bil dispute with the two "holdout" creditors, hedge funds NML Capital and Aurelius Capital Management.