US Treasury Secretary Scott Bessent confirmed on Tuesday that Argentina had initiated the currency swap. The announcement concluded a period of speculation, with economists suggesting that the event had already transpired, despite the absence of confirmation from local authorities. Argentine President Javier Milei’s administration has not issued any public statements concerning the activation — as … Read more
This week’s Central Bank data reveals that the United States Treasury has divested the pesos acquired prior to the mid-term elections, realizing a substantial profit, according to Argentine economists. If accurate, this would bolster the U.S. government’s position that it is not providing gratuitous financial assistance to Argentina. Nonetheless, it has raised concerns in both … Read more
Following multiple rounds of announcements, the currency swap between Argentina and the United States has been officially confirmed by the authorities of both nations. The US$20 billion support line is now accessible to President Javier Milei and Argentina. The decision by U.S. President Donald Trump to allocate a substantial support package to Argentina has been … Read more
President Javier Milei’s senior economic officials indicated on Wednesday their expectation that Argentina’s US$20-billion currency swap with the United States will be concluded within a fortnight. During an event in Washington, Economy Minister Luis Caputo and Central Bank Governor Santiago Bausili expressed optimism regarding Argentina’s economic prospects, emphasizing the robust support the country has garnered … Read more
United States Treasury Secretary Scott Bessent stated in an interview that the United States intends to provide Argentina with a currency swap, but will not inject funds into the country. During an interview, he stated: “As far as what the US is doing, just to be clear, we are giving them a swap line, we … Read more