Argentina, grappling with inflation rates surpassing 100%, is in talks with China to expand their bilateral currency swap in yuan to bolster central bank reserves and curb the ongoing peso selloff, as per insiders. Economy minister Massa is due to meet with Chinese counterparts at the end of May, although the specifics of the expansion are unclear. Amid a severe dollar scarcity contributing to Argentina’s inflation crisis, the central bank is turning more towards the yuan in its FX market, which currently makes up less than 10% of the total. Massa is concurrently negotiating an increased June disbursement from the IMF as part of Argentina’s USD 44 bln program.