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of <h1>Argentina Secures $5B Chinese Currency Swap Extension, Bolstering Economic Resilience and Trade Flexibility Until 2026</h1> Argentina extended its $18 billion currency swap with China, gaining access to $5 billion in renminbi until mid-2026. The deal helps Argentina manage its depleting foreign reserves and supports trade with China. Despite previous criticism of China, the current administration sees the arrangement as pragmatic for economic stability, allowing easier import payments and potential investments while avoiding sharp currency devaluation.
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