Overview

• Economy Minister Luis Caputo, José Luis Daza, Pablo Quirno and central bank chief Santiago Bausili are in Washington for meetings with U.S. Treasury Secretary Scott Bessent on the design of support.
• Bessent has stated there will be no direct disbursement, signaling assistance would come through alternative mechanisms such as a currency swap.
• Market reports cite a potential swap facility of roughly $20 billion, though specifics remain under negotiation.
• Domestically, the Treasury has supplied dollars to cap the wholesale rate around ARS 1,425, including a reported block offer near US$200 million that kept trading below the band’s upper limit.
• The central bank completed about US$7.3 billion in exchanges into dollar‑linked instruments as October peso maturities near ARS 12 trillion raise rollover risk, with sovereign dollar bonds firmer and equities mixed.