The Central Bank of Argentina and the People’s Bank of China agreed to renew the full activated portion of their bilateral swap arrangement, keeping RMB 35 billion (USD 5.0 billion) available for an additional 12 months. The tranche, activated in 2023 and previously set to begin gradual reduction from June 2025, will now remain fully available to the Central Bank of Argentina until mid-2026. The central bank framed the extension as supporting risk reduction during its transition toward a consistent and sustainable monetary and exchange-rate regime amid challenging global conditions for external capital flows.
Central Bank of Argentina 2025-04-10
Central Bank of Argentina and the People’s Bank of China renew activated RMB 35 billion swap tranche for 12 months
The Central Bank of Argentina and the People’s Bank of China have renewed the full activated portion of their bilateral swap arrangement, maintaining RMB 35 billion (USD 5.0 billion) available for an additional 12 months. This extension supports the Central Bank of Argentina's efforts to reduce risk during its transition to a sustainable monetary and exchange-rate regime amid challenging global capital flow conditions.