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Argentina extends currency swap deal with China for three years
Argentina extends currency swap deal with China for three years
Argentina has extended a currency swap agreement with China for three years, which will help support the Latin American country’s reserves, according to a report by Argentina’s Telam state news agency, citing the country’s central bank. June 3, 2023, Sputnik News Agency
2023-06-03T00:26+0800
2023-06-03T00:26+0800
2023-06-03T00:36+0800
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The agreement was reached during the visit of Argentine Economy Minister Sergio Massa to China. The currency swap agreement between Argentina and China has been in effect for more than a year, and the two sides have revised it several times. In November 2022, China and Argentina agreed to expand the swap agreement to maintain the reserves of the Argentine central bank. At the time, Argentine President Alberto Fernandez announced that the country had been granted “discretionary control” of 35 billion yuan ($5 billion).
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Argentina, China, Currency, Agreement, Signing, International
Argentina, China, Currency, Agreement, Signing, International
Argentina has extended a currency swap agreement with China for three years, which will help support the Latin American country’s reserves, according to a report by Argentina’s Telam state news agency, citing the country’s central bank.
The agreement was reached during the visit of Argentine Economy Minister Sergio Massa to China.
The media pointed out: “Argentina renewed its currency swap agreement with China … for three years in Beijing on Friday.”
The currency swap agreement between Argentina and China has been in effect for more than a year, and the two sides have revised it several times. In November 2022, China and Argentina agreed to expand the swap agreement to maintain the reserves of the Argentine central bank. At the time, Argentine President Alberto Fernandez announced that the country had been granted “discretionary control” of 35 billion yuan ($5 billion).
