Central bank says deal part of a comprehensive strategy to help it respond to forex and capital markets volatility.
The central bank said deal was part of a comprehensive strategy to help it respond to forex and capital markets volatility.
By Reuters
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The Central Bank of the Argentinian Republic (BCRA) said it has signed a $20bn exchange rate stabilisation agreement with the United States Treasury Department, six days ahead of a key midterm election.
Bailout by Trump attempts to stabilize shaky economy under Javier Milei as he faces mounting midterms pressure
The additional boost, which comes on top of a $20bn currency swap, comes shortly before Argentina's midterm elections.
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Argentina has repaid $2.5 billion to the U.S. Treasury, returning funds it received in October under a $20 billion currency swap…
The Trump administration will purchase pesos in a bid to calm Argentina's economic crisis.
Facility builds on previously announced $20bn swap line as Washington seeks to boost libertarian ally Javier Milei
Why is the US supporting Argentina’s currency?
