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BUENOS AIRES, April 26 (Reuters) - Argentina’s Central Bank (BCRA) said on Monday it will suspend Argentine soy crusher Vicentin from operating in exchange markets and making payments abroad until it settles its debts.
The BCRA said Vicentin would be allowed to access the international banking system to settle pending exports. It had also instructed Argentine customs not to process new shipments of goods until the once-dominant soy giant complies with existing obligations.
Vicentin was the main exporter of soybean oil and flour in Argentina but started running out of cash last year, leaving farmers and banks holding more than a billion dollars in bad debts.