Macroeconomy/Finance

The Central Bank renewed the swap with China for $18.2 billion

The Central Bank’s board of directors was able to renew the currency swap with the Central Bank of China for about 130 billion yuan, equivalent to $18.2 billion, which was due to expire on July 27. This amount represents 42% of the BCRA’s gross reserves, which stand at $43.35 billion. The Central Bank’s board of directors is thus seeking to strengthen the reserves.

Source: Ámbito

Categories: Macroeconomy/Finance