Argentina extends swap agreement with China

Central Bank of Argentina says it will repay activated $5 billion swap by mid-2026

The Central Bank of the Republic of Argentina
Rachael King

Argentina’s central bank and its Chinese counterpart have renewed a 35 billion yuan ($4.8 billion) currency swap line until July 2026, it announced on June 13.

The Central Bank of Argentina (BCRA) said on June 12 that it would renew the swap with the People’s Bank of China (PBoC) for a 12-month period. It will then gradually reduce the activated portion to zero by mid-2026. The $5 billion swap is the activated tranche of a larger $18 billion currency deal.

Some observers had been uncertain whether

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