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- Argentina leaned on its $18 billion currency swap line with China to cover part of an IMF payment, sources told Reuters.
- This isn't the first time yuan was used to help meet IMF debt requirements.
- The yuan's use has become increasingly frequent by Argentina as dollars remain scarce.
Argentina tapped its Chinese currency swap line to help cover part of an October payment that was due to the International Monetary Fund, a source told Reuters on Tuesday.
Overall, Buenos Aires owed the lender 1.98 billion, or $2.6 billion, in so-called special drawing rights (SDR), which is an international reserve asset created by the IMF.