HUGE SETBACK! China Cancels $18 Billion Currency Swap | This is Argentina Biggest Crisis of 2024

#china #ChinaNews #Asia #project #argentina #currency 📝📝📝 ----- In order to help Argentina get out of its debt crisis, China signed a currency swap agreement with it in 2020 of up to 130 billion yuan. On December 10, 2023, the two countries reached a new agreement, and the two countries will achieve a local currency swap of US$18 billion in the next three years. But in January 2024, Argentina emphasized the importance of “returning to the U.S. track“ and proposed to abolish Argentina’s national currency, the peso, instead adopt the U.S. dollar as its official currency, and close the central bank. Even more strikingly, he even declared that he would “end relations with China.“ Therefore, shortly after Milais took office, China decided to suspend an $18 billion currency swap agreement with Argentina. So why did China cancel the $18 billion currency swap agreement with Argentina? How will this affect Argentina? Welcome to the World Answer channel! 😊😊😊 ✅We are committed to providing you with the latest events and stories in today’s world in a timely manner, while maintaining absolute neutrality and transparency. Feel free to subscribe to our channel and explore this diverse and complex world with us. 👁👁About: At World Answer, no shady corporations, no one telling us what to say. Our mission is to present key information quickly and concisely so you can dig deeper into the news and insights that matter to you. But some of the views in our video content may be one-sided, if you spot one, please let us know and we’ll be happy to continue the discussion with you! -------------------------------------------------- ✅✅Disclaimer: The content of this channel is independently produced by individuals and has nothing to do with any organization or government. -------------------------------------------------- ✅✅✅ In accordance with Section 107 of the Copyright Act 1976, we may use some content of other creators in our videos mainly for educational and research purposes. If you would like us to remove your work from the video, please feel free to contact us and we will comply with your request. Thank you for your support and understanding!