The Argentine government refused to disclose the location and movements of the Central Bank’s gold reserves to a hedge fund in a New York lawsuit over the expropriation of state-owned energy company YPF.

The country’s main argument is that the monetary authority is a separate entity from the government, while the hedge fund says it is an “alter ego” of the administration.

The dispute stems from the legal battle Argentina has been waging against Burford Capital in U.S. courts over the 2012 expropriation for more than a decade now. 

In 2023, Judge Loretta Preska ruled that the country had breached its contract and ordered it to pay US$16.1 billion, a judgment Argentina’s lawyers have appealed.

Burford Capital is demanding some of the country’s assets as partial payment, including the Central Bank’s gold.

Last week, Burford’s lawyers requested a conference to........

© Buenos Aires Herald