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

US Treasury Secretary Scott Bessent said on Thursday that the United States had bought Argentinian pesos and finalised a $20 billion economic support programme with the South American nation's central bank, after concluding talks with his counterpart. The support comes as Argentina's right-wing President Javier Milei, a close ally of US President Donald Trump, had been struggling with market turbulence after a defeat in Buenos Aires provincial elections seen as a bellwether for upcoming midterms. France 24's Sharon Gaffney speaks to Ignacio Labaqui, political analyst and professor of Latin American politics and international relations at Universidad Católica Argentina.

Oct 10, 2025 - 16:00
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US buys Argentine pesos, finalises $20 billion currency swap framework
US Treasury Secretary Scott Bessent said on Thursday that the United States had bought Argentinian pesos and finalised a $20 billion economic support programme with the South American nation's central bank, after concluding talks with his counterpart. The support comes as Argentina's right-wing President Javier Milei, a close ally of US President Donald Trump, had been struggling with market turbulence after a defeat in Buenos Aires provincial elections seen as a bellwether for upcoming midterms. France 24's Sharon Gaffney speaks to Ignacio Labaqui, political analyst and professor of Latin American politics and international relations at Universidad Católica Argentina.

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