Skip to main content

Argentina activates Chinese swap lines

Central bank says move will boost reserves but observer says it is unlikely to strengthen peso

The Central Bank of Argentina
The Central Bank of Argentina
Javier Pierini

The Central Bank of Argentina (BCRA) is activating its currency swap line with the People’s Bank of China, it announced on January 8.

The decision followed a meeting between Argentine governor Miguel Pesce and his Chinese counterpart Yi Gang at the Bank for International Settlements in Basel.

The two central banks first established these swap facilities in 2017, and expanded them to 130 billion yuan ($19.2 billion) in December 2018. In November 2022, Argentina and China agreed to add another

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.