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India covid 19 crisis6/24/2023 ![]() ![]() ![]() "This increase will come into effect once the first tranche of the extension used for commercial exchange between the two countries is exhausted and with the agreement of the parties." "The procedure has begun to increase the usable amount by another 35 billion yuan," Argentina's central bank said following a meeting between officials in Beijing. The bank said that the two countries had agreed to renew the total 130 billion yuan ($18.4 billion) swap line for three more years, and eventually double the freely accessible part of the swap from 35 billion yuan to 70 billion yuan ($9.9 billion). ![]() BUENOS AIRES :Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion, the South American country's central bank said in a statement on Friday, a boost to its dwindling foreign currency reserves. ![]()
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