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

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Issued on: 10/10/2025 - 00:13

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Treasury Secretary Scott Bessent said Thursday that the United States has bought Argentine pesos and finalised a $20 billion economic support program 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 mid-terms. 

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