Santiago Bausili, president of the Central Bank, will travel to Shanghai to attend a Bank for International Settlements meeting and negotiate renewal of the swap with China, which expires in August.
Santiago Bausili will be in Shanghai to participate in a meeting of the Bank for International Settlements. He will take advantage of the visit to hold meetings with representatives of the Asian giant. The currency swap expires in August.
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President Javier Milei presented details of the central bank charter reform to lawmakers from his political bloc at Casa Rosada on Monday.
Egypt and China have renewed their bilateral currency swap agreement for three more years and raised its value from 18 billion yuan to 30 billion yuan.
The June Monetary Policy Report cut the GDP expansion range for 2026 but improved estimates for the following two years. Officials noted that the adjustments come before the megareform and the US-Iran agreement.