Argentina & China Expand Currency Swap Deal

[Redpossum]

Argentina and China expand currency swap deal – media

The Central Bank of Argentina has reportedly activated a currency swap agreement with the People’s Bank of China

www.rt.com

You won't be able to see this story if you're stateside, since our deal old Uncle Sam has censored RT.

Here's the crucial part -
China is currently Argentina’s second largest trade partner after Brazil, and the second biggest destination for Argentinian exports.

The currency swap agreement allows Argentinian companies that export to China to make settlements in yuan or dollars, which eases the outflow of foreign currency from the central bank.

 

[Rich One]

Argentina and China expand currency swap deal – media

The Central Bank of Argentina has reportedly activated a currency swap agreement with the People’s Bank of China

www.rt.com

You won't be able to see this story if you're stateside, since our deal old Uncle Sam has censored RT.

Here's the crucial part -
China is currently Argentina’s second largest trade partner after Brazil, and the second biggest destination for Argentinian exports.

The currency swap agreement allows Argentinian companies that export to China to make settlements in yuan or dollars, which eases the outflow of foreign currency from the central bank.

Clarin reports today about this Yuan swap deal . BUT also mentions that the cost of the funds swap is 8,5%.