The agreement, according to the scope, would consist of a coin swap like that the country currently has with China. In the market it is speculated that the agreement could be at least US $ 10,000 million.
The support provided by the United States Treasury to Argentina would consist of a swap (currency exchange) similar to that the country currently has with China, They advanced sources close to negotiation to Scope.
The President Javier Milei confirmed this Friday in Córdoba the advance of this medium in which a support of the administration of Donald Trump at a time when the Central Bank must intervene strongly in the change market to contain the value of the dollar.
The first president acknowledged that his government is in Treatments with the US Treasury to obtain a line that allows the next debt maturities that the country must face in 2026. “We are working very strongly, we are very advanced “he said.
What is a coin swap
A coin swap consists of a financial agreement between two parties to exchange capital payments and interests in different currencies. Milei told the newspaper La Voz del Interior: “We were clear that this year it was going to be very complicated and we had already begun to develop strategies to cover the payments that Argentina has next year, which are US $ 4,000 million in January YU $ S4.5 billion in July. With which we have been working, those negotiations demand time, but well until it is confirmed we do not make ads. But we are working very strongly, we are very advanced and it is also a matter of time.”
After your statements, in the market It is speculated that the agreement could be at least US $ 10,000 million.
Sources from the Casa Rosada comment that the Government is making intense efforts with the aim of finding “A hole” on Donald Trump’s agenda with the purpose of organizing The first visit of state of Milei to Washington. Within that framework, the support of the American treasure would be announced. In principle, it is expected to be carried out in mid -October, prior to legislative elections.
Recognition
Immediately, it is expected that Milei travel this Sunday to New York to attend the United Nations General Assembly, an opportunity in which he will add a key stop: will meet with private investors. Will be accompanied by the Minister of Economy, Luis Caputo.
On that trip, the president too will be distinguished with the global Citizen Award for his work in the economic reforms he promotes. This international support occurs at a key moment, just one month from the mid -term elections. Scott BesentSecretary of the Treasury will be in charge of delivering the award, in One more sample of the support of the Republican Administration to the Milei program.
This is an award awarded by the Atlantic Council, an American Study Center The delivery ceremony will be on September 24 at a gala dinner that will be offered in the large block where international leaders, diplomats and other influential figures will congregate. The meeting could attend the managing director of the International Monetary Fund, Kristalina Georgieva. They will participate Emmanuel Macronpresident of France, and Gianni Infantinoholder of the FIFA.
Source: Ambito
