U.S. Aids Argentina to Prevent Currency Collapse

U.S. won't lose taxpayer funds supporting Argentina.
U.S. finalized $20B currency swap with Argentina's central bank.
Treasury uses $211B Exchange Stabilization Fund to back aid.
Treasury buys Argentine pesos to support currency value.
Aid prevents Venezuela-like currency collapse risk.

Economy | Finance | Foreign Policy

Argentina | Venezuela

Scott Bessent

1 week ago