Particle.news
Download on the App Store
29 ARTICLES
·
2h ago

U.S.–Argentina Swap Nears Activation as Washington Floats $40 Billion Package and Buys Pesos Again

Washington's backing is presented as contingent on Argentina keeping its current policy course.

Luis Caputo en Washington
Image
El secretario de Estado, Marco Rubio, y el secretario del Tesoro, Scott Bessent.
Argentina's forward #17 Mateo Silvetti celebrates scoring his team's first goal during the 2025 FIFA U-20 World Cup semi-final football match between Argentina and Colombia at the National Stadium in Santiago on October 15, 2025. (Photo by Raul BRAVO / AFP)

Overview

  • Central bank chief Santiago Bausili said a $20 billion currency swap with the U.S. is conceptually agreed, with documentation in progress and potential activation within two weeks, possibly before the Oct. 26 elections.
  • Treasury Secretary Scott Bessent said the total support could reach $40 billion by adding a proposed $20 billion private/credit line alongside the swap.
  • Bessent confirmed the U.S. Treasury bought pesos in Argentina’s FX market for the second time in a week, without disclosing the amount.
  • Economy Minister Luis Caputo emphasized strong support from President Donald Trump and underscored that continued assistance depends on Argentina maintaining its current economic policies.
  • Initial statements and interventions lifted Argentine assets intraday, but the dollar finished higher and volatility persisted, while officials stressed the U.S. deal would not alter the existing $18 billion swap with China.