“Following the worst drought in history, Argentina must keep its (foreign) reserves robust," Massa said during an event following a meeting with Chinese Ambassador Zou Xiaoli,
He noted that there will be challenges "to rethink and redefine the country’s import strategy” together with the International Monetary Fund (IMF).
"Argentina has a currency swap with China that works not only as an instrument to strengthen its (international) reserves but also as a financial and commercial instrument,” he said.
Argentina aims to pay for around $1 billion of Chinese imports in yuan instead of dollars in April, and thereafter around $790 million worth of monthly imports will be paid in yuan, the government said in a statement...[AA]
No comments:
Post a Comment
Only News