Argentina strikes $5 bln China currency swap extension
Source: Reuters
BUENOS AIRES, Nov 15 (Reuters) - Argentina has agreed to expand its currency swap deal with China by $5 billion, the South American country's President Alberto Fernandez said on Tuesday, a move that would give it more firepower to defend the embattled local peso.Argentina's government needs to rebuild depleted foreign reserves to cover trade costs and future debt repayments. Rebuilding reserves is also a key…
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