World Economy
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Currency Swap

Currency SwapCurrency Swap

Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves. It comes as part of a loan worth $11b signed in July by Argentina's President Cristina Fernandez de Kirchner and her Chinese counterpart Xi Jinping.

Financialtribune.com