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U.S. Seals $20 Billion Swap With Argentina, Steps Into Peso Market as Rates Ease

Weekend pricing signals a narrower spread across official, blue, financial dollars following Thursday’s intervention.

Overview

  • U.S. Treasury Secretary Scott Bessent confirmed a completed US$20 billion currency swap with Argentina’s central bank and direct purchases of pesos.
  • Following the move, the official dollar briefly fell about 50 pesos on Thursday to roughly $1,420, marking its lowest level this month, according to market reports.
  • With markets closed, reference quotes show Banco Nación at $1,400 for buying and $1,450 for selling, and the blue dollar at $1,455/$1,475.
  • Financial dollars ended near $1,441 (MEP $1,440.81; CCL $1,441.70), leaving a spread of about 4% versus the official rate.
  • Regional variation persists, with Córdoba’s blue at $1,459/$1,490, as some analysts project a lower long‑term exchange rate and urge holding local assets.