Overview
- U.S. Treasury Secretary Scott Bessent said a portion of the dollar-for-peso swap with Argentina was activated and reported the U.S. earned a profit on the operation.
- Market trackers estimate the U.S. sold roughly $2.1 billion in the Argentine FX market ahead of the vote to stabilize the peso, though officials have not disclosed terms or size.
- The official dollar at Banco Nación closed at ARS 1,440 and the blue dollar traded around the same level, with the wholesale rate near ARS 1,413 under the defended bands regime.
- Argentina’s sovereign risk slipped below 600 basis points as bonds and equities rose, and the central bank reported gross reserves up $95 million to $40.497 billion.
- Private estimates point to far lower net reserves, with one calculation near $1.479 billion, and the government pledged a 30‑day plan to rebuild reserves and start a sovereign debt buyback.