Forex

Argentina agrees $5 billion China forex swap extension, President says By Reuters


© Reuters. FILE PHOTO: Argentine 100 peso payments are displayed on this image illustration taken September 3, 2019. REUTERS/Agustin Marcarian/Illustration/File Photograph

BUENOS AIRES (Reuters) – Argentina has agreed to increase its forex swap take care of China by $5 billion, the South American nation’s President Alberto Fernandez mentioned on Tuesday, a transfer that may give it extra firepower to defend the embattled native peso.



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