News of currency swap

Argentina renews China currency swap deal to strengthen reserves

02-06-2023 16:39 Government renews three-year currency swap line with China in bid to boost Central Bank reserves.

China allows Argentina to spend up to US$10 billion of currency swap line

02-06-2023 13:20 Chinese officials approve Argentina tapping up to 70 billion yuan (US$9.89 billion) of currency swap line, double the previous limit, according to a Central Bank statement.

CURRENCY SWAP

Argentina seeks bigger China swap line to prevent peso sell-off

24-05-2023 10:48 Argentina’s government is asking China for an expansion of its bilateral currency swap in yuan as it seeks to build up reserves.

Bloomberg

Lula to send finance minister to China in push for Argentina aid

20-05-2023 08:47 Brazil's push to support Argentina through its economic crisis set to continue in China.

BLOOMBERG – ANALYSIS

Central banks use record amount of yuan via PBOC swaps

16-05-2023 10:59 Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing international status.

MARKET RUMOURS

Argentina brokerage apologises after spreading devaluation rumour

22-04-2023 18:26 Brokerage firm Max Capital Valores said it “deeply regretted” spreading misinformation over a currency devaluation of the nation’s official exchange rate.

G20 leaders summit

From hospital to bilateral with Xi – Alberto’s up-and-down day at the G20

16-11-2022 15:40 President Fernández had an eventful first day on Tuesday at the G20 Leaders Summit in Bali.

FOREIGN POLICY & DIPLOMACY

Argentina says China will increase swap line by US$5 billion

15-11-2022 21:36 China will increase its currency swap programme with Argentina by 35 billion yuan (US$5 billion), President Alberto Fernández tells reporters.

BLOOMBERG – ANALYSIS

Three signs show that Argentina is heading to a devaluation

29-06-2022 22:02 Need to increase the monetary base to meet payments on peso debts and finance spending, plus a drop in agricultural exports and an increase in energy imports, all spell trouble for Argentina's currency.

BLOOMBERG

Volatility roars back to Argentina's FX market on commodities drop

27-04-2022 20:26 Volatility has come roaring back to Argentina’s currency market.

BLOOMBERG

Argentina asks China to expand yuan swap to strengthen reserves

26-01-2022 13:48 Argentina has already requested the increase and the topic will be discussed next week in Beijing with Chinese President Xi Jinping when President Alberto Fernández travels there for the Winter Olympics, a second person said.

BLOOMBERG – ANALYSIS

Argentina's peso weakens past key level in parallel market

22-10-2021 19:01 Argentina’s parallel exchange rate weakened past a key threshold on Friday, as demand for assets in hard currency climbed ahead of the upcoming midterm elections in November.