Beijing currency swap support for Argentina

Monday, October 1st 2018 - 08:56 UTC

Full article 1 comment

Argentina has “nearly closed” a new currency swap deal with China that will add the equivalent of US$ 9 billion to the South American country’s reserves, the central bank said on Sunday. Argentina and China first agreed to a swap program in 2009 to boost the South American country’s dwindling reserves under former President Cristina Fernandez. Last year, the center-right government of President Mauricio Macri and China agreed to extend the program for three more years. Read full article

Comments

Disclaimer & comment rules

Enrique Massot
Ideological frontiers appear to vanish when need presses.

Macrists used to make fun when the government of Cristina Fernandez reached financial agreements with China.

”It's just 'papelitos de colores' (worthless coloured paper)” they used to say about the yen.

What a difference three years and an economic crisis make.
Oct 01st, 2018 - 04:32 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!