Overview

• The Central Bank of Argentina announced the agreement with the U.S. Treasury on Monday, describing a temporary currency exchange mechanism.
• The line totals $20 billion and is intended to bolster international reserves.
• Officials said the objective is to preserve price stability and promote sustainable economic growth.
• The communiqué disclosed no details on access timing, duration, pricing, or conditions.
• The move precedes legislative elections that could shape President Javier Milei’s program, with G1 reporting a separate U.S. pledge of up to $20 billion more contingent on his results.