Overview
- U.S. Treasury Secretary Scott Bessent said Washington is negotiating a $20 billion currency‑swap arrangement with Argentina’s central bank to ease dollar access and support the peso, with readiness to repurchase some dollar bonds if conditions warrant.
- Javier Milei met President Donald Trump in New York, with Trump vowing to help and later saying Argentina does not need a bailout, as Milei publicly thanked him and praised his leadership at the UN General Assembly.
- Argentina’s peso strengthened to 1,360 per dollar at the official rate, rebounding roughly 2% on the day and more than 11% since Friday after signs of U.S. backing followed weeks of market stress.
- The World Bank said it will accelerate up to $4 billion in disbursements in the coming months under the multilateral package announced in April.
- Buenos Aires suspended export taxes on cereals and on bovine and poultry meat through October 31 to boost dollar inflows, while Foreign Minister Gerardo Werthein dismissed reports of a $30 billion U.S. loan as inaccurate.