Monday 17 December 2018
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eaglenews - 15 days ago

China agrees $9 billion currency swap with Argentina

BUENOS AIRES, Argentina (AFP) China and Argentina signed a $9 billion currency swap deal to boost the crisis-stricken South American country s foreign currency reserves, its central bank announced Sunday. Struggling to recover after a currency crisis earlier this year, Latin America s third largest economy sought the help of the International Monetary Fund which approved a $56 billion loan package. Now, this latest agreement will contribute to greater financial stability and also facilitate trade [ ]

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