(Buenos Aires Comprehensive Electric) Argentina signed an agreement with China to extend the amount of currency swaps between the two countries for three years, and double the use of funds to 70 billion yuan (the same below, about 133, about 133, about 133, about 133, about 133, about 133, about 133, about 133100 million yuan).
Comprehensive Reuters and Bloomberg reported that after Argentina Economic Minister Massa and the President of the People's Bank of China Yi Gang held talks on Friday (June 2) in Beijing, the two sides agreedThe extension of three years will increase the use of funds from 35 billion yuan to 70 billion yuan.
Grain exports are the main sources of income in Argentina, but this year's historic drought has reduced the revenue of the country, and foreign exchange reserves have dropped sharply.The Argentine currency peso also became weaker under the pressure of inflation rates, and the selling situation intensified.
The above -mentioned decision will provide more breathing space for Massachusetts to sell for the selling, and make more intervention on the parallel exchange rate to control the huge gap between the parallel exchange rate and the official interest rate.
Argentina will hold the presidential election in October this year. The government is working hard to rebuild the reserves in order to repay the debt and pay trade costs to achieve the economic goals set by the country and the International Monetary Fund.
