February 27, 2026

ArgentinaUS

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Argentina-US deal: Buenos Aires formalises $20 billion currency swap pact with Washington; Javier Milei gets pre-poll boost

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File photo: US President Donald Trump with Argentina’s President Javier Milei (Picture credit: AP) Argentina’s central bank on Monday formalised a $20 billion currency swap agreement with the United States in a move aimed at “contributing to Argentina’s economic stability,” the bank said in a statement. The accord, backed by the administration of US President…

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Argentina-US swap line talks: Washington proposes $20 billion support; peso rises 2.4% ahead of elections

contact@dailyupdatesindia.com02 mins

The US Treasury is in discussions with Argentina to provide a $20 billion swap line to the South American country’s central bank, Treasury Secretary Scott Bessent said Wednesday, as right-wing President Javier Milei seeks to stabilise markets ahead of upcoming midterm elections. Following the announcement, the Argentine peso gained 2.4 percent to 1,333.90 per dollar.“The…

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