The Secretary of the United States Treasury confirmed that this entity is active in the local market to support the Argentine government to face the market’s demand for dollars.
He secretary of United States Treasury, Scott Bessent, confirmed this Friday that this organization remains active in the Argentine dollar market to support President Javier Milei, before the increase in demand for dollars from investors.
Bessent confirmed that the North American Treasury is withdrawing pesos through the sale of dollars in the spot market and through what is called “blue chip swap” which is an exchange of money for shares of leading Argentine companies.
The “blue chips” are shares of Latin American companies with very good ratings and reputations. These are top-level regional companies, which ensures liquidity in the market. In Argentina they would be within that group YPF, Transportadora Gas del Sur, Grupo Financiero Galicia, Banco Macro, Loma Negra, MercadoLibre, BBVA Argentina and Telecom Argentina.
In this way, the United States government begins to show more cards in the struggle it maintains with the markets in Argentina to avoid a devaluation of the peso. Until Now it had been possible to “trace” a specific participation last week of about US$350 million in the market spot. Now he confirms his intervention.
“We have the ability to act with flexibility and forcefulness to stabilize Argentina”, Bessent stated in his announcement through
The announcements by Donald Trump’s official were made after the meeting between Presidents Trump and Milei, where as a result of some statements from the first mAmerican candidate, it had not been clear whether the aid was conditional on next week’s result.
Source: Ambito
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