Weekly Report - 08 June 2023 (WR-23-23)
TRACKING TRENDS
ARGENTINA | Yuan currency swap. Argentina’s economy minister Sergio Massa returned from a week-long visit to China on 2 June having won some respite for the beleaguered domestic economy in the form of a rollover of the 130bn yuan (US$18.4bn) currency swap agreement between the two central banks for another three years. Crucially, this also doubled the portion of the swap freely accessible to Argentina from 35bn to 70bn yuan.
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