Argentina Renews US$19-Billion China Swap for Another Five Years
25 Articles
25 Articles
(Buenos Aires = Yonhap News) Correspondent Kim Seon-jeong = The Central Bank of Argentina and the People's Bank of China [arrange] a 130 billion yuan (US$19.2 billion, 27.4 trillion won) bilateral [trade]...
Argentina Renews $19 Billion China Swap for Another Five Years
Argentina guaranteed an important source of reserves until the presidential election of 2027, after the Central Bank of the country renewed for five years its exchange swap agreement of approximately US$ 19 billion with the People's Bank of China (PBoC). Exclusive material for subscribers. To have full access, access the link of the subject and register.
In addition, the available line equivalent to US$5 billion was secured and could be used, if necessary, to intervene in the market.
The two institutions extended their currency exchange agreement to 17 years after the first signature, with a validity higher than that of all previous contracts between the two central banks
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