Argentina Renews US$19 Billion Currency Swap with China
Argentina's Central Bank has renewed its US$19 billion currency swap agreement with China, despite pressure from Washington.
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Argentina renews US$19 billion China currency swap, brushing off Washington’s pressure
Argentina has renewed its currency swap with China for five years, preserving a US$19 billion lifeline that Washington spent more than a year pressing it to give up. The Argentine central bank and the People’s Bank of China (PBOC) signed the extension of the 130 billion yuan line on Wednesday, a day before the existing deal was due to expire. The new term runs to 2031, two years longer than any previous renewal since the two countries first signed it in 2009. The decision ends months of...
By Igor Patrick
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The announcement stated that the agreement was extended from three to five years, in order to provide ‘greater predictability’ La entrada Argentina’s Central Bank renews currency swap with China se publicó primero en Buenos Aires Herald.
By Buenos Aires Herald
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