The Central Bank of Argentina and the People’s Bank of China signed off an expansion of their currency swap deal on December 2.
The deal increases by 60 billion yuan ($8.7 billion) the existing line between both central banks, first approved in July 2017. The swap line now amounts to 130 billion yuan ($19 billion).
The agreement was reached in the wake of a bilateral summit in Buenos Aires, which aimed to deepen the ties between both economies. The authorities also announced Chinese
