China Formalizes Expanded Currency Swap With Argentina
Listen to the full version

What’s new: The central banks of China and Argentina have formalized an expanded currency swap pact, in yet another move to internationalize the yuan, also known as the RMB.
The deal adds a special activation of 35 billion yuan ($5.2 billion) to a previous agreement, which was valued at 130 billion yuan, the Argentine central bank said in a Sunday statement.

- PODCAST
- MOST POPULAR