“The US Treasury bought Argentine pesos in the market this morning,” said Bessent.
The head of the US Treasury, Scott Bessentassured that the Washington’s bailout of Argentina would reach US$40 billionof which US$20,000 million belong to the currency swap and the other US$20,000 million are being negotiated with private parties. Furthermore, he specified that the The US authority bought pesos again in the local market this Monday.
“We are working on a facility of 20 billion that would be next to our swap line, with private banks and sovereign funds that, I think, would target the debt market more,” he told reporters in Washington. “So that would total 40,000 million for Argentina”accurate.
The announcement came while Javier Milei and the American team are working on the adoption of a currency swap US$20,000 million between the US Treasury and the Central Bank (BCRA) the previous week.
Following the information, the markets reacted positively: ADRs they jumped up 8%, while the dollar deflates to $1,357, below the previous closing, and the Buenos Aires stock market rises 4%.
News in development.-
Source: Ambito
