US buys Argentinian pesos, finalises $20bn currency swap, says US Treasury | Business and Economy News

Argentina’s right-wing President Milei, a close ally of President Trump, faces a critical midterm election this month.

The administration of United States President Donald Trump has purchased Argentinian pesos and finalised a $20bn currency swap framework with Argentina’s central bank in a deal aimed at shoring up the country’s faltering finances.

Treasury Secretary Scott Bessent announced the deal on X on…