Argentina to renew, expand China currency swap line

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Argentina to renew, expand China currency swap line
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BUENOS AIRES : Argentina has signed a deal to renew and potentially expand its currency swap line with China, the South American country's central bank said in a statement on Friday, a boost to the indebted nation's dwindling foreign currency reserves.The bank said that the two countries had agreed to ren

BUENOS AIRES : Argentina has signed a deal to renew and potentially expand its currency swap line with China, the South American country's central bank said in a statement on Friday, a boost to the indebted nation's dwindling foreign currency reserves.

"The procedure has begun to increase the usable amount by another 35 billion yuan," Argentina's central bank said following a meeting between officials in Beijing.

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