/ world today news/ On July 31, the Minister of Economy of Argentina announced that his government is about to repay a debt of 2.7 billion US dollars to the International Monetary Fund (IMF), 1 billion of which will be provided by the Bank for development of Latin America, and the other 1.7 billion from China and Argentina in yuan under the China-Argentina currency exchange agreement.
The minister thanked the support of the Latin American Development Bank and the help of the Chinese government.
For the first time, Argentina will pay off foreign debt in yuan.
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