Argentina formalizes $20bn currency swap deal with US

Argentina has officially secured a $20 billion currency swap deal with the United States, a significant move aimed at stabilizing its economy under President Javier Milei. This agreement, announced by Argentina's central bank, is part of a broader financial support strategy from the U.S. administration, led by Trump, as Milei faces increasing pressure ahead of midterm elections. This deal is crucial for Argentina as it seeks to bolster its economic stability and navigate through challenging financial times.