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The News Miscellaneous Argentina, China Swap a "Contigency"- Central Bank
The News Miscellaneous Argentina, China Swap a "Contigency"- Central Bank
| Argentina, China Swap a "Contigency"- Central Bank |
| News - Miscellaneous |
| Written by Ines Guzman, Reuters |
| Wednesday, 01 April 2009 07:26 |
|
MEDELLIN, Colombia, March 31 (Reuters) - Argentina's central bank considers its recent currency swap agreement with China as a contingency measure and the South American country does not need it for now, Argentine central bank president, Martin Redrado, said on Tuesday.
"This is a standby swap. At this moment Argentina does not need it," Redrado said during an investment conference on the sidelines of the Inter-American Development Bank annual meeting. |