US EditionUS buys Argentine pesos, agrees to $20 billion swap line, Bessent says
The U.S. Treasury's $20 billion currency swap and direct peso purchase aim to stabilize Argentina's economy amid acute illiquidity before its Oct. 26 midterm elections.
- The US has finalized a $20 billion currency swap agreement with Argentina's central bank to support the country's economy, as confirmed by US Treasury Secretary Scott Bessent.
- The US also purchased Argentine pesos to stabilize markets amid the country's acute illiquidity, helping to boost the peso's value.
- President Javier Milei thanked US President Donald Trump for his support and expressed a commitment to economic prosperity in the hemisphere.
- Some Democratic lawmakers criticized President Donald Trump for using US resources for foreign assistance during a domestic funding crisis, highlighting ongoing public discontent in Argentina over austerity measures.
263 Articles
263 Articles
The U.S. Treasury Department on Thursday completed a $20 billion currency swap with Argentina, buying pesos. It is fulfilling President Donald Trump's promise to help his ally Javier Miel's struggling economy. The move has drawn criticism from some of his supporters, who have vowed during the campaign and after his election that U.S. money would no longer be used to help foreign countries.
U.S. Begins Implementation of $20 Billion Bailout for Argentina
Treasury Secretary Scott Bessent announced that the U.S. has begun implementing parts of a bailout for Argentina by finalizing a $20 billion currency swap with Argentina’s central bank. Argentina’s far-right President Javier Milei is an ally of President Trump. On Thursday, eight Democratic senators introduced a bill that would prevent the Treasury Department from rescuing Argentina’s economy. Democratic Senator Elizabeth Warren said, “It is ine…
DECRYPTAGE - The support, announced by Washington, covers $20 billion. The challenge is to stop the fall of the peso and avoid a new monetary crisis.
Trump Throws Milei a $20 Billion Lifeline
The U. S. Treasury has finalized a $20 billion currency swap framework with Argentina, buying pesos to support the struggling country, fulfilling President Donald Trump’s commitment. This move has led to a significant increase in the value of the Argentine peso and its bonds. In Thursday’s trading, the Argentine 2035 bond rose by 4.5 cents, […] The post Trump Throws Milei a $20 Billion Lifeline appeared first on Modern Diplomacy.
The U.S. government buys Argentine Peso and announces a $20 billion swap line. Milei urgently needs support before the parliamentary elections at the end of October, but could still fail.
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