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China agrees $9 billion currency swap with Argentina

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China and Argentina signed a $9 billion currency swap deal to boost the crisis-stricken South American country’s foreign currency reserves, its central bank announced Sunday.
China and Argentina signed a $9 billion currency swap deal to boost the crisis-stricken South American country’s foreign currency reserves, its central bank announced Sunday.
Struggling to recover after a currency crisis earlier this year, Latin America’s third largest economy sought the help of the International Monetary Fund — which approved a $56 billion loan package.

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