News of swap

US reporter to be freed by Russia in major prisoner swap

01-08-2024 14:37 Russia is releasing Wall Street Journal reporter Evan Gershkovich and former US Marine Paul Whelan as part of a major prisoner swap with the US, according to people familiar with the situation.

MONETARY POLICY

Argentina to sell dollars in parallel FX market to shore up peso

14-07-2024 09:31 Central Bank will sell US dollars in the country’s parallel foreign exchange markets starting Monday, says Economy Minister Luis Caputo.

CURRENCY SWAP

Central Bank says China currency swap renewed until July 2026

12-06-2024 22:26 Central Bank renews a roughly US$5-billion portion of its currency swap line with the People’s Bank of China for another two years.

CHINA CURRENCY SWAP

IMF expects China to reschedule billions in Argentina’s debt

12-06-2024 11:34 IMF expects China to reschedule payments from the US$18-billion swap line that it has extended to Argentina.

Foreign relations & diplomacy

Top officials to meet People's Bank of China chief amid swap talks

26-04-2024 17:20 Argentina’s Central Bank Governor Santiago Bausili and Finance Secretary Pablo Quirno are scheduled to meet with People’s Bank of China Governor Pan Gongsheng in Beijing on Monday.

RELATIONS WITH CHINA

Central Bank chief Bausili among top officials headed to China

18-04-2024 18:02 Top government officials are preparing to visit China in the next few weeks as President Javier Milei ditches his aggressive rhetoric against Beijing in a bid to deepen ties with a key trade partner.

DEBT SWAP OFFER

Government proposes peso debt swap that may top US$71 billion

05-01-2024 14:30 Argentina’s government is proposing a debt swap to banks in the country that could top US$71 billion for peso notes due this year with the aim of postponing maturities and reducing the financial deficit to zero.

FOREIGN POLICY

China puts brake on US$6.5-billion currency swap amid Milei tensions

19-12-2023 18:09 Chinese government puts brake on massive currency swap negotiated by former president Alberto Fernández; Beijing awaiting firm signals from Javier Milei’s administration, who stated during campaign that we would not “negotiate with communists."

HELP FROM BEIJING

China lets Argentina tap extra US$6.5 billion from swap line

18-10-2023 14:01 Move comes right before Argentina’s presidential election on Sunday as political uncertainty roils markets and the peso’s parallel exchange rate sells off.

Bloomberg

Peso tumbles with dollarisation rush amping up before vote

05-10-2023 17:25 Argentina’s peso is tumbling as Argentines rush to exchange pesos for dollars ahead of presidential elections later this month, posting its worst losses since an August sell-off.

THIRST FOR DOLLARS

Argentines’ love of dollars creates a windfall for local brokers

02-10-2023 16:53 Argentina’s economic disaster has sent inflation soaring and pushed poverty levels toward a 15-year high. But for local brokerages, the chaos has fuelled a boom unlike anything industry veterans can remember.

HACKING SCANDAL

How Rosatti and other key judges were hacked, step-by-step

18-07-2023 19:51 Justice Martínez de Giorgi brought more serious charges against a young man selling SIM cards in the name of members of the Court and other justices. The buyer’s case has been dismissed.

by Times Newsroom

DEBT SWAP

Government hails ‘historic’ seven-trillion-peso debt swap

09-06-2023 20:47 Just under 78 percent of creditors sign up to voluntary debt swap, a measure President Alberto Fernández’s administration described as “very successful.”

BEIJING & BUENOS AIRES

Argentina renews China currency swap deal to strengthen reserves

02-06-2023 16:39 Government renews three-year currency swap line with China in bid to boost Central Bank reserves.

BUENOS AIRES & BEIJING

China allows Argentina to spend up to US$10 billion of currency swap line

02-06-2023 13:20 Chinese officials approve Argentina tapping up to 70 billion yuan (US$9.89 billion) of currency swap line, double the previous limit, according to a Central Bank statement.

CURRENCY SWAP

Argentina seeks bigger China swap line to prevent peso sell-off

24-05-2023 10:48 Argentina’s government is asking China for an expansion of its bilateral currency swap in yuan as it seeks to build up reserves.

Bloomberg

Lula to send finance minister to China in push for Argentina aid

20-05-2023 08:47 Brazil's push to support Argentina through its economic crisis set to continue in China.

BLOOMBERG – ANALYSIS

Central banks use record amount of yuan via PBOC swaps

16-05-2023 10:59 Global central banks tapped a record amount of the Chinese currency in foreign-exchange swap lines in the first quarter, in another indication of the yuan’s growing international status.

MARKET RUMOURS

Argentina brokerage apologises after spreading devaluation rumour

22-04-2023 18:26 Brokerage firm Max Capital Valores said it “deeply regretted” spreading misinformation over a currency devaluation of the nation’s official exchange rate.

CONCERNING NUMBERS

Massa looks for oxygen until June and next IMF audit

29-03-2023 12:27 Amid controversy generated by Argentina’s latest bond swap and its cost, accelerating inflation and an electoral campaign coming to the boil, Sergio Massa’s economic team seeks breathing room ahead of the International Monetary Fund’s next quarterly review.

Bloomberg

Argentina's credit rating cut by Fitch on public-sector debt swap

24-03-2023 19:09 Argentina's credit rating has been downgraded by Fitch Ratings to the lowest level above default as the government plans to force state institutions to dispose of their holdings of dollar-denominated bonds.

DEBT SWAP OFFER

Argentina's officials, analysts disagree on results of debt swap

12-03-2023 08:56 Participation in last Thursday's debt swap may have been less than reported, with government officials and analysts disagreeing on how the results should be counted.

DEBT SWAP OFFER

Government hails ‘success’ of 4.34-trillion local debt swap

10-03-2023 10:52 Argentina swaps 4.34 trillion pesos ($21.66 billion) in domestic debt, exchanging 64% of maturing notes for new ones due in 2024 and 2025.

DEBT SWAP

Government swaps US$21.7 billion of debt, easing default fear

09-03-2023 23:11 Argentina exchanges 4.34 trillion pesos (US$21.7 billion) in a local debt swap, alleviating immediate concerns of a potential local debt default.

DEBT SWAP

Argentina to swap peso debt to ease US$35-billion default fear

07-03-2023 11:04 Argentina will give investors the chance to exchange holdings of local debt into new bonds; Government wants to ease fears of a default on US$35 billion of local debt due in second quarter.

DEBT SWAP

Argentina to offer local debt swap to ease default fears

06-03-2023 16:46 Government will offer investors chance to swap local debt holdings for new bonds in a bid to calm fears of a default.

POLITICS & ECONOMY

Opposition slams government’s plans for peso debt swap

06-03-2023 14:41 Opposition economists slam impending peso debt swap between the government and local banks, saying it will add to the fiscal problems facing next administration in December.

G20 leaders summit

From hospital to bilateral with Xi – Alberto’s up-and-down day at the G20

16-11-2022 15:40 President Fernández had an eventful first day on Tuesday at the G20 Leaders Summit in Bali.

FOREIGN POLICY & DIPLOMACY

Argentina says China will increase swap line by US$5 billion

15-11-2022 21:36 China will increase its currency swap programme with Argentina by 35 billion yuan (US$5 billion), President Alberto Fernández tells reporters.