Tag: swap

• Monday, December 3rd 2018 - 06:42 UTC

  China boosts Argentina's foreign reserves with a US$ 9 billion currency swap

  

  China and Argentina signed a US$ 9 billion currency swap agreement to boost the South American country’s foreign currency reserves, its central bank announced on Sunday.

• Monday, November 2nd 2015 - 09:18 UTC

  China's Renmimbi has become world's second most used currency in trade finance

  

  As China establishes itself as the world’s second largest economy and top trading nation, its currency, the renminbi (RMB), is also gaining popularity around the world. According to the People’s Bank of China’s 2015 Renminbi Internationalization Report, the RMB was the world’s 5th most used payment currency, the 2nd most used trade finance currency, and the 6th most traded currency in 2014.

• Friday, November 29th 2013 - 07:23 UTC

  Desperately dollar-short Venezuela planning gold reserves swap operation

  

  Venezuela is evaluating a swap agreement involving gold reserves as a way to fortify dollar supplies in a country which suffers chronic product shortages and inflation close to 55%. Opposition leader Henrique Capriles said last week that the government was negotiating a swap operation with Goldman Sachs involving 1.45 million ounces of gold worth around 1.86 billion dollars.

• Monday, May 13th 2013 - 22:34 UTC

  China to the rescue of Argentina with a 10 billion dollars equivalent swap

  

  Argentina is negotiating with China a new 10 billon dollars equivalent swap of international reserves support based on the experience of 2009 when the global financial crisis. The new accord should theoretically help Argentina strengthen its international position vis-à-vis the run on the dollar (or the flight from the Peso) and which has cost the Central bank 4 billion dollars so far this year.

• Friday, February 4th 2011 - 21:53 UTC

  Argentina still haunted by the holdouts from the 2001 default

  

  Argentina’s attempts to return to global credit markets nine years after its 2001/02 default received this week mixed results. New York Federal Judge Thomas Griesa has issued a ruling urging Argentina to pay 54.33 million Euros (US$75.1 million) to the Capital Ventures International Fund.

• Friday, May 14th 2010 - 04:20 UTC

  Italian Defaulted Bond Holders Seem Prepared to Accept Argentine Debt-Swap Plan

  

  In an extensive report, the Task Force Argentina (TFA)—which represents Italians holding some 4.5 billion US dollars in defaulted Argentine sovereign bonds—gave an ambiguous declaration over Argentina's debt-swap plan.

• Wednesday, May 12th 2010 - 07:01 UTC

  Argentina Confident Bondholders Will Join Debt-Swap: Wednesday D Day

  

  Argentine Economy Minister Amado Boudou held a meeting Tuesday with 40 international investors at the New York Palace Hotel, within the framework of his United States road show to encourage bondholders to join the Government's debt-swap.

• Saturday, May 1st 2010 - 08:36 UTC

  Argentina Publishes Terms of the Defaulted 20 Billion Bonds Swap

  

  The Argentine government has published the offer to swap 20 billion US dollars in defaulted bonds on specialized media around the globe and on www.argentina2010offer.com website.