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South Korea, China Renew 70 Trillion Won Currency Swap Agreement
On the 1st, the central banks of South Korea and China renewed a 5-year maturity 70 trillion won (400 billion yuan)-scale ...
WASHINGTON (AP) — The United States directly purchased Argentine pesos on Thursday and finalized a $20 billion currency swap line with Argentina’s central bank, Treasury Secretary Scott Bessent said ...
If it doesn’t work, the U.S. could be stuck with a bunch of pesos that aren’t worth very much. Treasury Secretary Scott Bessent confirmed the U.S. signed a $20 billion currency swap to prop up the ...
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