January 17, 2018
Friday, July 18, 2014

Argentina to sign $11bn currency swap with China

By A. Edgerton & C. Sciaudone
Bloomberg News

Cabinet Chief Jorge Capitanich said the bilateral currency swap agreed with the Asian giant accounts for u$s11 billion that will allow to give “stability” to Argentina’s international reserves.

Addressing reporters at the government house this morning, the head of minister explained the swap’s interest rate Cristina Fernández de Kirchner will be setting today with her Chinese counterpart Xi Jinping will be of “6-7 percent.”

“The country is more and more integrated in the strategic operations that allow the development of productive capacity,” Capitanich said blasting sectors that question Argentina’s alleged international “isolation.”

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Tags:  Argentina  China  currency swap  Jorge Capitanich  Xi Jinping  

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