The President received Miguel Pesce to analyze the results of the tour of China where he spoke with the president of the Bank of the People’s Republic of China, Yi Gang, and the head of the BRICS Bank, Dilma Rousseff.
President Alberto Fernandez held this afternoon a Work meeting in Casa Rosada with the head of the Central Bank of the Argentine Republic, Miguel Angel Pesceafter his trip to China.
At the meeting, they analyzed the results of the tour with the Minister of Economy, Sergio Massa, which included meetings with the president of the Bank of the People’s Republic of China (PBC), Yi Gang, and the head of the New Development Bank (NDB). of the BRICS, Dilma Rousseff.
The president of the BCRA, Miguel Pescein China, initialed with his signature the renewal of the SWAP for three more years and the guarantee of greater disbursements for “free availability” use.
The official statement of the agreement says that “the early renewal of the SWAP for 130 billion yuan ($19 billion) was signed for a term of three years. Also started the procedure for extending the amount of use for another 35 billion yuan (US$5 billion), which will be operated once the first use is exhausted. In this way, the capacity of use is increased from 35,000 million RMB (Renminbi) to 70,000 million RMB.” The deal was closed with the People’s Bank of China (PBoC) at the Beijing headquarters.
Source: Ambito
