Argentina to get $1 billion in currency swap with China before end of 2014
Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy’s foreign reserves....
View ArticleChina, Russia move to ditch US Dollar in trade
China and Russia have effectively switched to domestic currencies in trading using financial tools as swaps and forwards, as they seek to reduce the influence of the US dollar and foreign exchange...
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