US buys Argentine pesos, finalises $20 billion currency swap framework

France 24Friday, October 10, 2025 at 11:24:02 AM
US buys Argentine pesos, finalises $20 billion currency swap framework
The United States has taken a significant step by purchasing Argentine pesos and finalizing a $20 billion currency swap framework with Argentina's central bank. This move, announced by US Treasury Secretary Scott Bessent, comes at a crucial time as Argentina faces economic challenges under President Javier Milei, who is closely aligned with Donald Trump. The support aims to stabilize Argentina's economy following recent electoral setbacks, highlighting the US's commitment to fostering economic stability in the region.
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