Argentina's government said it would move the payments related to up to $10 billion of dollar-denominated debt until the end of the year, Reuters reported citing an official decree.
The plan will not include the foreign currency obligations, worth about $70 billion, that the country is currently renegotiating with bondholders, according to the so-called decree of necessity and urgency that was obtained by Reuters. The debt subject to the postponement was issued under local law while the latter was issued under international law.
The move aims to ease the strain on the country over upcoming payments on its foreign-law debt.
Argentina earlier said it plans to restructure foreign currency-denominated obligations worth $83 billion under both foreign and local law to avoid sovereign default. The country missed a March 31 deadline it has set for an agreement with creditors over the debt restructuring.