We (I’m from Argentina) have not enough dollars to pay the IMF loan and had a bunch of yuans in reserve China lend us to trade with them, a ‘swap’ as I heard they call it.
What’s worrying is that yuans have a secret loan interest, probably quite a high rate. Don’t ask were the IMF loan money went, for sure it wasn’t spent on me.
We (I’m from Argentina) have not enough dollars to pay the IMF loan and had a bunch of yuans in reserve China lend us to trade with them, a ‘swap’ as I heard they call it.
What’s worrying is that yuans have a secret loan interest, probably quite a high rate. Don’t ask were the IMF loan money went, for sure it wasn’t spent on me.