US finalizes $20 billion rescue plan for Argentina amid peso crisis
TL;DR
The US government purchased Argentine pesos and established a $20 billion currency swap line with Argentina's central bank, signaling support amid Argentina's recent IMF loan agreement and efforts to stabilize its economy.
- US buys Argentine pesos, agrees to $20 billion swap line, Bessent says CNBC
- Bessent says US purchased pesos and finalized framework for $20 billion lifeline for Argentina CNN
- Trump administration finalizes economic rescue plan for Argentina Politico
- The Argentine peso, and Javier Milei, are in trouble The Economist
- The U.S. bought Argentine pesos, Bessent says Axios
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