US buys Argentinian pesos, finalizes $20bn currency swap, says US Treasury
The Trump administration purchased Argentine pesos and finalized a $20 billion currency swap with Argentina’s central bank to stabilize the country’s struggling finances. Treasury Secretary Scott Bessent emphasized swift U.S. action to support Argentina, whose peso recently fell sharply amid dwindling foreign reserves. The deal has drawn criticism from U.S. farmers and Democratic lawmakers, who argue it acts as a bailout while Americans face economic … Continue reading US buys Argentinian pesos, finalizes $20bn currency swap, says US Treasury
