The Zhitong Finance App learned that on August 6, the People's Bank of China announced that, with the approval of the State Council, the People's Bank of China and the Central Bank of Argentina recently renewed the bilateral local currency exchange agreement. The exchange scale is 130 billion yuan/28 trillion Argentine pesos. The agreement is valid for five years and can be extended with the consent of both parties. The bilateral local currency exchange agreement between China and Argentina has been renewed again, which will help further deepen financial cooperation between the two countries, promote bilateral economic and trade exchanges, and maintain financial market stability.

This article was selected from the “People's Bank of China” official account, Zhitong Finance Editor: Liu Jiayin.

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