US denies treaty talks on monetary union with Argentina

The United States denied yesterday that formal treaty talks on monetary union with Argentina were under way. "There is no formal working group or treaty process under way," a US Treasury Department spokesman said. "However treasury officials are always prepared to discuss monetary questions with other countries and we are aware of Argentina's interest."

In Buenos Aires, central bank governor, Mr Pedro Pou said Argentina and the United States were in talks aimed at replacing the Argentine currency with the US dollar.