Chinese currency swap helps lower Argentine debt

The local currency swap between Argentina and China has helped the South American country lower its public debt.
That’s according to a specialized report by Argentinean consultancy, Ecolatina, released on Thursday.
Argentina and China signed a currency swap deal in 2014 with 19 other agreements worth around 11 billion U.S. dollars together.
The deals are believed to have helped Argentina shed some of its debt burden.

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