China conditions the application of the $18.6 billion debt swap

Argentina will be able to use all or part of the $18.6 billion Chinese debt swap that remains in the reserves. However, with conditions that complicate it: 1) it will only be able to count on the part of the loan corresponding to the period of Fernandez de Kirchner’s government, some $11 billion and 2) China demands, as an indispensable condition, that the exchange rate is from pesos to yuans, without going through the dollar. Or, eventually euros, but in a minimum amount.

Source: Ámbito