The US Secretary of the Treasury, Scott Bessent, announced that “we directly bought Argentine pesos” which confirmed the rumor that was circulating in the city. In addition, he confirmed that they closed a currency swap agreement for US$20 billion with the Central Bank of Argentina.
The Minister of Economy, Lusi Caputo, and the US Secretary of the Treasury, Scott Bessent.
After a long hermeticism and at the end of the trip of the Minister of the Economy, Luis Caputoto Washingtonthe US Secretary of the Treasury, Scott Bessentannounced that intervened in the exchange market with the “purchase of pesos”, which confirmed Strong rumors indicated that, through an international bank, the northern giant sold dollars on the local market. He also confirmed that they closed an agreement currency swap for US$20,000 million with the Central Bank of Argentina and ratified the band scheme for the floating of the dollar.
“Today we buy Argentine pesos directly”confirmed from the social network “X”, the US Secretary of the Treasury, Scott Bessent. Furthermore, he confirmed that “We have finalized a currency swap agreement for US$20 billion with the Central Bank of Argentina.” “Its currency band remains fit for purpose”Donald Trump’s official also confirmed in the face of doubts that suggest that the exchange rate scheme would be modified after the midterm elections on October 26.
“The Treasury concluded four days of intense meetings with Minister Luis Caputo and his team in Washington DC We talked about the Argentina’s solid economic fundamentalsincluding the structural changes already underway that will generate important exports in dollars and foreign exchange reserves,” Bessent revealed, while ensuring that “Argentina faces a moment of serious illiquidity.”
They also assured that “The United States Treasury is prepared, immediately, to take any exceptional measures necessary to stabilize the markets” and he stressed to Minister Luis Caputo that “President Donald Trump’s America First economic leadership is committed to strengthening our allies who welcome fair trade and American investment.”
News in development.-
Source: Ambito
