US EditionArgentina's central bank says it signed $20 billion currency swap deal with US
The $20 billion swap aims to stabilize the peso and boost Argentina’s reserves amid a financial crisis and ahead of critical midterm elections, officials said.
- Argentina's Central Bank announced a $20 billion currency swap deal with the United States, aimed at enhancing economic stability amid challenges with the peso's value and inflation issues.
- The agreement aims to reassure investors by ensuring Argentina can meet upcoming foreign currency debt maturities, according to analysts.
- Finance Secretary Pablo Quirno stated that Argentina is negotiating to buy back part of its sovereign debt to reduce financing costs and enhance educational investment.
- The deal emphasizes maintaining price stability and sustainable growth, as stated by Argentina's Central Bank, amid criticism that Argentina's economy is influenced by the US.
45 Articles
45 Articles
Argentina’s $20bn US lifeline not enough to prop up peso
Argentina's central bank and the US Treasury signed a currency swap line for $20bn, a vote of confidence for president Javier Milei ahead of a crucial midterm election. But with details still scarce, bonds erased initial gains and the peso weakened.
The president of Argentina, Javier Milei, explained the scope of the agreement of swap of coins for 20 billion dollars signed between the Central Bank of Argentina (BCRA) and the Department of the Treasury of the United States, a measure that - according to the government- seeks to strengthen the international reserves and give stability to the foreign exchange market.According to the media El Clarín, which cites an interview broadcast by Casa R…
Argentine peso falls despite US bailout
The Argentine peso fell to a new low on Monday, even as officials signed a $20 billion currency swap agreement with the US. The rout suggests President Donald Trump’s rare intervention to stem Buenos Aires’ market turmoil has so far faltered. Trump made further support contingent on Argentine President Javier Milei’s performance in midterm elections on Sunday, heightening anxiety, El País wrote: Investors are hedging against the possibility of a…
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