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China forces him to go to Milei to validate the exchange | The president will stand with Xi Jinping on a special historic date

China forces him to go to Milei to validate the exchange |  The president will stand with Xi Jinping on a special historic date
China forces him to go to Milei to validate the exchange |  The president will stand with Xi Jinping on a special historic date

 


The approval of the currency exchange with China, which saved the government from entering into an even more complex situation than the current one, is an episode that does not seem to have ended with the authorization of the Asian giant. In recent hours it has become known that President Javier Milei is exploring the possibility of traveling to the People's Republic of China and holding a bilateral meeting with his Chinese counterpart Xi Jinping. After the renewal of the 5 billion dollar swap with free availability, rumors multiplied that the libertarian would travel during the first week of July. Not only that, but the meeting would take place on a curious but by no means coincidental date: the day in question would be July 4, Independence Day of the United States, a country with which Milei has strategically allied and which still don't lend money. through the Monetary Fund (IMF).

Although the presidential spokesperson, Manuel Adorni, I clarified that the visit is not yet confirmed, I left the possibility open, specifying that this does not prevent it from taking place. “There is nothing, absolutely nothing confirmed. Not only the date, but this bilateral (meeting) is not confirmed. Which does not mean that it will not take place,” the official said. during the usual press conference.

The truth is that this potential trip comes after the president expressed strong criticism of his counterpart from the Asian giant, whom he described as communist in the past. In the middle of the electoral campaign, the libertarian spoke about the management led by Xi and declared: We do not conclude an agreement with the communists. I would not favor relations with communists. Neither with Cuba, nor with Venezuela, nor with North Korea, nor with Nicaragua, nor with China.

Management and exchange

Since December 10, the government has been working on the complex task of restoring and deepening ties between nations. For this, the brand new chief of staff, Guillermo Francos visited in recent hours the Chinese ambassador to the country, Wang Wei..

In this context, the Central Bank confirmed on Wednesday, through a press release, that it has renewed, in collaboration with the Central Bank of the People's Republic of China (PBOC), the entire activated tranche of the to exchange for 35 billion RMB (equivalent to 5 billion dollars) between the two institutions for a period of 12 months. Furthermore, the monetary authority indicated that the objective is for the BCRA to gradually reduce the activated amount of credit. to exchange for the next 12 months and this section will be completely disabled by mid-2026.

Sources

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2/ https://www.pagina12.com.ar/744463-china-lo-hace-viajar-a-milei-a-validar-el-swap

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