09
Jan
The Central Bank of the Argentine Republic (BCRA) granted the activation of the current currency swap agreement with the Bank of the People's Republic of China (PBC) and the two entities committed to deepen the use of the RMB in the Argentine market for bilateral exchange. "The swap includes the exchange of currencies as a reinforcement of international reserves for 130 billion renminbi yuan and a special activation for 35 billion renminbi yuan to offset foreign exchange market operations," the Central Bank reported. The announcement came this Sunday, January 8, after the meeting that the president of the BCRA, Miguel…
