Central Bank of Argentina uses PBoC swap agreement for external financing

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The Central Bank of Argentina drew on its currency swap line with the People's Bank of China (PBoC) for the fourth time in as many months last week, with analysts suggesting it is a valuable source of finance for the country.

Since the agreement was signed in July, the Argentinian central bank has received the equivalent of $2.7 billion – including the last instalment worth $400 million on Tuesday – according to a central bank official.

The Central Bank of Argentina is one of the few institution

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