Story perspectives

U.S. Steps In with $20B to Stabilize Argentina's Peso

11/2/2025

Center

Bessent Stabilizes Argentina

Scott Bessent, United States Treasury Secretary, has led efforts to stabilize Argentina's economy.
The United States intervened with a $20 billion currency swap and peso purchases.
The intervention supported President Javier Milei's administration after his party performed well in elections.
The peso has fallen about 30% this year, raising concerns about sustainability.
Analysts say the central bank's defense of the peso may cause further instability and require more U.S. assistance.

Left

Jiménez Backs Milei

Francisco Jiménez, a delivery app rider in Buenos Aires, struggles to support his family amid Argentina's crisis.
Despite hardships, he voted for President Javier Milei's party in the recent midterm elections.
Milei's austerity measures, including cuts and peso devaluation, have raised poverty and caused job losses.
Critics say the reforms aim to stabilize the economy and that the United States' $40 billion bailout raises concerns about long-term stability.

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Bessent Stabilizes Argentina

Scott Bessent, United States Treasury Secretary, has led efforts to stabilize Argentina's economy.
The United States intervened with a $20 billion currency swap and peso purchases.
The intervention supported President Javier Milei's administration after his party performed well in elections.
The peso has fallen about 30% this year, raising concerns about sustainability.
Analysts say the central bank's defense of the peso may cause further instability and require more U.S. assistance.

1 / 2