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Argentina's central bank extends China swap to five years
The Banco Central de la República Argentina (BCRA) and the People's Bank of China (PBoC) have renewed their bilateral currency‑swap agreement for RMB 130 billion (about US$19‑20 billion). For the first time the term has been lengthened from three to five years, extending the pact’s expiry to 2031. The swap’s active tranche of RMB 35 billion (≈US$5 billion), launched in early 2023, remains in force and can be used without additional authorisation. BCRA Governor Santiago Bausili said the extension provides greater predictability, strengthens the country’s foreign‑exchange reserves and supports financial stability, trade and investment with China. The arrangement accounts for roughly 40 % of the BCRA’s gross reserves, which have recently topped US$50 billion – the highest level since September 2019.
Entities
Argentina · Argentina–China currency swap · Banco Central de la República Argentina · Banco Central de la República Argentina (BCRA) · Banco Popular de China · Banco Popular de China (PBoC) · China · Javier Milei · Luis Caputo · Pan Gongsheng · People's Bank of China · People's Bank of China (PBoC)
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 26 SOURCES] The renewed swap agreement has a five‑year term, extending the previous three‑year period. chacodiapordia.com · www.borderperiodismo.com · www.cfin.com.ar · inforama.com.ar · ahorainfo.com.ar · +16 more
- [● 25 SOURCES] The renewal is intended to provide greater predictability for the continuity of the swap tool. chacodiapordia.com · www.borderperiodismo.com · www.cfin.com.ar · inforama.com.ar · ahorainfo.com.ar · +16 more
- [● 26 SOURCES] The renewal will not affect the BCRA's gross reserves. www.borderperiodismo.com · www.cfin.com.ar · inforama.com.ar · ahorainfo.com.ar · www.bigbangnews.com · +16 more
- [● 29 SOURCES] Argentina and China renewed a bilateral currency swap for RMB 130 billion (≈US$19‑20 billion). chacodiapordia.com · www.ellitoral.com.ar · www.borderperiodismo.com · www.cfin.com.ar · inforama.com.ar · +19 more
- [● 29 SOURCES] An activation of RMB 35 billion (≈US$5 billion) started in early 2023 and remains in force. chacodiapordia.com · www.borderperiodismo.com · www.cfin.com.ar · inforama.com.ar · ahorainfo.com.ar · +19 more
- [● 29 SOURCES] Santiago Bausili is the governor of the Banco Central de la República Argentina (BCRA). chacodiapordia.com · www.ellitoral.com.ar · www.borderperiodismo.com · www.cfin.com.ar · inforama.com.ar · +19 more
- [● 29 SOURCES] The swap allows Argentina to obtain yuan for import payments without using its own dollar reserves. chacodiapordia.com · www.ellitoral.com.ar · www.borderperiodismo.com · www.cfin.com.ar · inforama.com.ar · +19 more
- [● 25 SOURCES] The swap mechanism was first established in 2009 and has been renewed periodically. chacodiapordia.com · www.ellitoral.com.ar · www.borderperiodismo.com · www.cfin.com.ar · inforama.com.ar · +16 more
- [● 3 SOURCES] Argentina's international reserves exceeded US$50 billion, the highest level since September 2019. www.cronica.com.ar · www.lagaceta.com.ar · lajornadaweb.com.ar
- [● 3 SOURCES] The BCRA's reserves closed at US$50.059 billion at the end of the reporting period. www.cronica.com.ar · www.lagaceta.com.ar · lajornadaweb.com.ar
- [● 13 SOURCES] The swap term was extended from three to five years, now lasting until 2031. agendarweb.com.ar · www.borderperiodismo.com · www.cfin.com.ar · fmimpacto107.com.ar · inforama.com.ar · +8 more
- [● 3 SOURCES] BCRA's international reserves reached US$50.059 billion, the highest level since September 2019. www.cronica.com.ar · www.lagaceta.com.ar · mendoza24.com.ar