The U.S. Treasury announced a $20 billion currency swap agreement with Argentina’s central bank after four days of meetings between Treasury Secretary Scott Bessent and Argentine Economy Minister Luis Caputo in Washington, D.C.
Bessent said the United States also directly purchased Argentine pesos to help stabilize markets amid Argentina’s “acute illiquidity.”
The @USTreasury has concluded 4 days of intensive meetings with Minister @LuisCaputoAR and his team in DC. We discussed Argentina’s strong economic fundamentals, including structural changes already underway that will generate significant dollar-denominated exports and foreign…
— Treasury Secretary Scott Bessent (@SecScottBessent) October 9, 2025
He praised President Javier Milei’s fiscal reforms, noting that Argentina’s policies—centered on spending restraint, lower taxes, and private-sector growth—were building confidence among U.S. investors.
The Treasury chief emphasized that only the United States could act swiftly to restore stability and reaffirmed Washington’s “America First” commitment under President Donald Trump to support allies who promote fair trade and open investment.
BREAKING: The US has finalized a $20 billion currency swap agreement with Argentina.
— The Kobeissi Letter (@KobeissiLetter) October 9, 2025
The US is also directly purchasing Argentine pesos in an effort to revive Argentina’s economy.
Bessent described Argentina’s reform agenda as vital to the Western Hemisphere’s economic stability and said the U.S. remains unified with the IMF and international partners behind Milei’s pro-market strategy. A Trump–Milei meeting is scheduled for October 14.
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TIPP Staff
TIPP Staff
