BUENOS AIRES: Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday (Jan 8). Argentina's government needs to rebuild reserves to cover trade costs and futur
BUENOS AIRES: Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday .
President Alberto Fernandez announced the deal in November last year and said at the time it was worth US$5 billion.
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Argentina and China formalize currency swap dealBUENOS AIRES : Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday.Argentina's government needs to rebuild reserves to cover trade costs and future debt
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