The Central Bank of Argentina issued an announcement on the 10th local time stating that an agreement has been reached with the People's Bank of China, and the two sides have agreed to extend the activated portion of the bilateral currency swap agreement totaling 35 billion yuan for 12 months. According to the announcement, the payment was originally scheduled to expire in June 2025 and will be extended until mid-2026 after this renewal. This move will help Argentina smoothly transition to a stable and sustainable monetary and exchange rate system to meet the serious challenges of current external capital flows. The news was generally welcomed by the financial community in Argentina. Argentina's “El Nacional” quoted economist Federico Machado's comments as saying, “This means that the central bank will not have to repay the $4.8 billion it has spent until mid-2026.”

The Central Bank of Argentina issued an announcement on the 10th local time stating that an agreement has been reached with the People's Bank of China, and the two sides have agreed to extend the activated portion of the bilateral currency swap agreement totaling 35 billion yuan for 12 months. According to the announcement, the payment was originally scheduled to expire in June 2025 and will be extended until mid-2026 after this renewal. This move will help Argentina smoothly transition to a stable and sustainable monetary and exchange rate system to meet the serious challenges of current external capital flows. The news was generally welcomed by the financial community in Argentina. Argentina's “El Nacional” quoted economist Federico Machado's comments as saying, “This means that the central bank will not have to repay the $4.8 billion it has spent until mid-2026.”