Overview

• Argentina’s central bank said it has formalized a currency swap with the United States for up to $20 billion to support economic stability.
• Treasury Secretary Scott Bessent said officials are working to add a $20 billion facility from private banks and sovereign funds, targeting Argentina’s debt markets.
• President Trump defended the assistance, saying Argentina is “fighting for its life” and voicing personal support for President Javier Milei.
• Trump has warned that U.S. generosity could be withdrawn if Milei loses the October 26 elections, linking support to political outcomes.
• The peso remains highly volatile heading into the vote, with month‑on‑month inflation picking up after earlier declines.