Overview
- Press Secretary Karoline Leavitt shared an AMAC piece by Sarah Katherine Sisk titled “Trump Wins Big Again with Argentina Peso Swap.”
- Sisk contends the swap generated revenue for the United States and bolstered its position abroad rather than functioning as financial aid.
- Treasury Secretary Scott Bessent recently stated that the United States realized a gain from the agreement with Argentina.
- The swap, estimated at about $20 billion and involving Argentina’s central bank, was announced days before the October 27 legislative elections.
- The article cites analyst speculation about roughly $2.7 billion used to reimburse prior U.S. interventions and possible profits on peso assets, details that are reported but not publicly verified.