The US directly purchased Argentine pesos on Thursday and finalized a $20 billion currency swap framework with Argentina’s central bank, Treasury Secretary Scott Bessent said.
The US directly purchased Argentine pesos on Thursday and finalized a $20 billion currency swap framework with Argentina’s central bank, Treasury Secretary Scott Bessent said in a social media post. The intent is to provide assistance during the Latin American country’s economic turmoil. The Treasury „is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets“, Bessent said in a post on X, adding that the Treasury Department conducted four days of meetings with Argentinian Finance Minister Luis Caputo in Washington, DC, to come up with the deal.
