Argentine president's travel cash worth $90,000 stolen

(Argentinian President Cristina Fernandez in the photo)

Robbers in Argentina have stolen $90,000 worth of cash meant for use by Argentinian President Cristina Fernandez on an official Middle East trip, the BBC News reported.

An official had picked up the money for the trip at the treasury and put it in his backpack.

The man told police the robbery happened after his driver dropped him off half a block from his house.

On his walk home, he was ambushed by three men on motorbikes, who forced him to hand over the backpack at gunpoint.

He is reported to have been carrying 17,000 euros and $68,000.

The Argentine newspaper Clarin said the money was to be used for presidential plane expenses during Fernandez's trip to Kuwait, Qatar and Turkey.