Argentina formalizes $20bn currency swap deal with US

The GuardianMonday, October 20, 2025 at 2:36:18 PM
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 is crucial as it provides much-needed financial support amid growing economic challenges and political pressures, especially with upcoming midterm elections. The deal not only reflects a strengthening of ties between the two nations but also offers a lifeline to Argentina's struggling economy, making it a noteworthy development in international finance.
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