Currency

Argentina To Expropriate Money-Printer

Why not go to the source and grab the presses? And block an investigation at the same time.

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BUENOS AIRES, Argentina—Argentina announced plans Tuesday for another government takeover, this time expropriating a company that is printing the nation's pesos and is at the center of a criminal case involving the vice president and the tax chief.

President Cristina Fernandez is proposing to expropriate the Company of South American Values.

The takeover, which has been submitted to Congress for approval, would cancel the company's debts, recover its property and convert its employees to government workers.