Argentina Central Bank Says China Swap Renewed Until July 2026
- Argentina granted extension on $5 billion through July 2026
- Monetary authority will begin paying down swap in mid-2025
The Central Bank of Argentina in Buenos Aires.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
The Argentine Central Bank has renewed a roughly $5 billion portion of its currency swap line with the People’s Bank of China for another two years, the monetary authority said in a statement Wednesday.
Starting in mid-2025, Argentina will begin to gradually pay down the activated portion of the $18 billion currency swap over a 12-month period, pushing out maturities that were scheduled for this June and July, according to the statement.