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Argentine central bank will promote Chinese Yuan for foreign trade negotiations – MercoPress
Argentina’s central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current uniform daily devaluation strategy …
Friday, October2nd2020 – 09:01 UTC
The central bank said it would move to facilitate the purchase of Chinese Yuan against Argentine pesos for foreign trade operations.
Argentina’s central bank said on Thursday that it would allow a managed float of the peso currency and abandon its current “uniform daily devaluation” strategy as it seeks to adapt its monetary policy amid sharpening economic turmoil.
The move comes when the gap between the official exchange rate and the rate quoted in the coun…
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