Story perspectives
U.S. Secures $20 Billion Currency Swap with Argentina
10/10/2025
50 8
1 of 1
Story summary
- United States Treasury Secretary Scott Bessent announced a $20 billion currency swap framework with Argentina's central bank on Oct 9, 2025.
- The U.S. directly purchased Argentine pesos to support the economy, a rare move in recent decades.
- Argentina's 2035 bond rose 4.6 cents and the peso gained 0.8% after the news.
