BCRA renews $5 billion currency swap with PBoC
Argentina gets reserves boost, with new IMF deal expected to be finalised over coming days
Argentina yesterday (April 11) renewed a currency swap with China worth almost $5 billion, thereby bolstering its reserves ahead of a new deal with the International Monetary Fund.
In a statement, the Central Bank of Argentina (BCRA) said it had agreed with the People’s Bank of China to renew the activated tranche of their bilateral swap agreement.
The agreement, established in 2009, currently amounts to about 130 billion yuan ($18 billion). Argentina activated the 35 billion yuan tranche of the
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