LINE

    Text:AAAPrint
    Economy

    China extends currency swap deal with Argentina

    1
    2017-07-19 10:51Xinhua Editor: Gu Liping ECNS App Download

    China's central bank Tuesday renewed a currency swap agreement with the Central Bank of Argentina.

    The agreement allows the two central banks to swap 70 billion yuan (10.4 billion U.S. dollars) for 175 billion Argentine pesos, the People's Bank of China (PBOC) said on its website.

    The deal aims to "facilitate the two countries' economic and trade development," the PBOC said.

    The agreement is valid for three years and is extendable by mutual consent.

    Chinese and Argentine central banks inked a 70-billion-yuan currency swap deal in July 2014.

    A currency swap deal allows two institutions to exchange payments in one currency for equivalent amounts in the other to facilitate bilateral trade settlements and provide liquidity support to financial markets.

    China is Argentina's second-biggest trade partner, leading export market for farm produce, and its third-biggest source of foreign investment.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ©1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 清水县| 和政县| 朝阳市| 星子县| 滨海县| 平凉市| 新宁县| 西吉县| 赤峰市| 建始县| 塘沽区| 宁河县| 大余县| 镇江市| 洞头县| 隆林| 延庆县| 额济纳旗| 泰顺县| 遂昌县| 文化| 民和| 秀山| 德钦县| 安远县| 松江区| 英超| 临沂市| 房产| 高密市| 甘肃省| 台州市| 许昌县| 同心县| 方正县| 泉州市| 恩平市| 合川市| 勐海县| 萨迦县| 青铜峡市|