Surprise Me!

US buys Argentine pesos, finalises $20 billion currency swap framework

2025-10-09 6 Dailymotion

US Treasury Secretary Scott Bessent said on Thursday that the United States had bought Argentinian pesos and finalised a $20 billion economic support programme with the South American nation's central bank, after concluding talks with his counterpart. The support comes as Argentina's right-wing President Javier Milei, a close ally of US President Donald Trump, had been struggling with market turbulence after a defeat in Buenos Aires provincial elections seen as a bellwether for upcoming midterms. France 24's Sharon Gaffney speaks to Ignacio Labaqui, political analyst and professor of Latin American politics and international relations at Universidad Católica Argentina.



Visit our website:
http://www.france24.com

Like us on Facebook:
https://www.facebook.com/FRANCE24.English

Follow us on Twitter:
https://twitter.com/France24_en