US buys Argentinian pesos, finalises $20bn currency swap, says US Treasury

Al JazeeraThursday, October 9, 2025 at 10:21:03 PM
The US Treasury has finalized a significant $20 billion currency swap with Argentina, a move that underscores the strengthening economic ties between the two nations. This comes at a crucial time for Argentina's right-wing President Milei, who is gearing up for a critical midterm election this month. The currency swap not only provides Argentina with much-needed liquidity but also signals confidence in Milei's leadership, which could have positive implications for both countries' economies.
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