Argentina renews $19 billion swap line with China
New agreement between BCRA and PBoC extended from three to five years
The central banks of Argentina and China have renewed a multi-billion-dollar currency swap agreement.
In a statement on August 5, the Central Bank of Argentina (BCRA) said that the renewal of the 130 billion yuan ($19.3 billion) swap with the People’s Bank of China had been extended from three to five years.
“This agreement strengthens the close co-operation between both institutions and the excellent relationship they have maintained in the 17 years since the first agreement was signed in 2009,”
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