The limits on Scott Bessent’s Treasury swap lines for allies
The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints
The US provided Argentina with a $20bn swap line, but similar offerings to Gulf and Asian allies would face constraints

Treasury secretary says ‘numerous’ countries sought support amid economic fallout from Iran war

Treasury secretary Scott Bessent is taking a big gamble with his $20bn swap line to prop up a Trump ally

The Treasury secretary wants to use swap lines to lock in dollar supremacy

Facility builds on previously announced $20bn swap line as Washington seeks to boost libertarian ally Javier Milei

The country needs more from the US than a $20bn swap agreement

Buenos Aires’s reserves rose by the same margin as Washington seeks to bolster Javier Milei’s government