World Economy
0

Currency Swap

Currency Swap
Currency 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