Argentina–United States relations , Argentine monetary crisis US Secretary of the Treasury Scott Bessent announces that the United States has purchased Argentine pesos...

The U.S. Treasury has purchased Argentine pesos and finalized a $20 billion currency swap with Argentina’s central bank.

Treasury has purchased Argentine pesos and finalized a $20 billion currency swap with Argentina’s central bank.

United States Secretary of the Treasury, Scott Bessent presents an award to the President of Argentina Javier Milei at the Global Citizen Awards ceremony, Wednesday, Sept.

President Donald Trump speaks during a cabinet meeting at the White House, Thursday, Oct.

WASHINGTON () — The United States directly purchased Argentine pesos on Thursday and finalized a $20 billion currency swap line with Argentina’s central bank, Treasury Secretary Scott Bessent said in a social media post, a rare move aimed at stabilizing turbulent financial markets in the cash-strapped Latin American...

Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets,” Bessent said, adding that the Treasury Department held four days of meetings with Argentine Economy Minister Luis Caputo in Washington D.C.

Argentina’s libertarian President Javier Milei, a fervent admirer of U.S.

President Donald Trump, thanked Bessent for his “strong support” and Trump for his “powerful leadership.”.

“Together, as the closest of allies, we will make a hemisphere of economic freedom and prosperity,” Milei said in a social media post.

Farmers and Democratic lawmakers, has insisted that the credit swap is not a bailout.

Farmers are angry about the idea of rescuing Argentina, whose own farmers have benefited from a recent gush of sales of soybeans to China at the expense of their U.S.

Lawmakers have pushed Trump to explain how this financial help aligns with his “America First” agenda.

After the announcement Thursday, a group of Democratic Senators introduced the “No Argentina Bailout Act,” which would stop the Treasury Department from using its Exchange Stabilization Fund assist Argentina.

“It is inexplicable that President Trump is propping up a foreign government, while he shuts down our own,” Democratic Sen.

The political importance lies in whether the issue moves from public comment into formal action, party response, court record, election authority notice or administrative decision.

For public institutions and political groups, the next test is whether the issue remains a public argument or turns into a formal response, legal proceeding, administrative instruction or election-related communication.