Overview
- U.S. Treasury’s Scott Bessent said a first tranche of the bilateral facility was used and that the United States “already obtained a gain.”
- Market estimates put the draw at roughly US$2.7–2.755 billion from a US$20 billion line.
- Analysts say the funds reimbursed U.S. pre‑election FX operations and helped meet IMF charges, with DEG flows indicating about US$796–870 million covered the Fund payment.
- Private calculations suggest net international reserves could be near US$12 billion below zero when liabilities are deducted, even as gross reserves hover around US$40.3–40.4 billion.
- Economy Minister Luis Caputo reaffirmed the exchange‑band regime and outlined a 30‑day window to rebuild reserves and buy back debt, and officials have not disclosed full swap terms with added detail expected from a BCRA worksheet on November 20.