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[BUSINESS] · Argentina, China · 55 sources

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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)

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