Overview
- Central bank sources say the $20 billion has been received and is under BCRA custody but will not count toward official reserves until activation.
- The facility will be recorded as a contractually active liquidity line and disclosed in the 2025 annual financial statements, with any drawdowns reflected in daily reserve data.
- Officials highlight that this U.S. arrangement differs from the China swap, which was booked in reserves automatically upon execution.
- The BCRA states the agreement is intended to reinforce exchange-rate stabilization and support price stability and growth.
- Separate reporting describes talks on an additional roughly $20 billion from U.S. banks to help cover Treasury rollovers, with details expected after legislative elections.