For an additional year, the government has renewed the currency exchange with China for an additional year and will avoid disbursing the June and July deadlines.

Through a press release, the Central Bank of the People's Republic of China (PBOC) and the Central Bank of Argentina (BCRA) renewed the entire activated portion of the swap for 35 billion RMB (equivalent to USD 5 billion) between the two institutions for a period of 12 months. According to the monetary authority informed that the objective is for the BCRA to gradually reduce the activated amount of the swap over the next 12 months and completely deactivate this installment by mid-2026. As a result, over the next twelve months the Central Bank will disburse these five billion dollars

The document mentions that “the activation of 35 billion RMB in 2023 allowed the BCRA to manage balance of payments flows at critical times for the national economy. The confirmation of the extension of the total of this amount with the PBOC style="font-family: "Bookman Old Style”, "serif">reinforces the commitment assumed by the current management of the BCRA to overcome the external payments crisis. in full compliance with the contractual commitments previously agreed upon with all its