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Notes in the Margin
10/09/2025
The U.S. directly purchased Argentine pesos and finalized a $20-billion currency swap to provide stability amid the country’s economic turmoil.
mises.org
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By Fatima Hussein
Oct. 9, 2025
WASHINGTON — The U.S. directly purchased Argentine pesos on Thursday and finalized a $20-billion currency swap framework with Argentina’s central bank, Treasury Secretary Scott Bessent said in a social media post.
The intent is to provide assistance from the Latin American country’s economic turmoil.
www.latimes.com
10/09/2025
The U.S. directly purchased Argentine pesos and finalized a $20-billion currency swap to provide stability amid the country’s economic turmoil.
As Argentine peso collapses under "libertarian" Milei, the US taxpayer is on the hook | Mises Institute
The U.S. directly purchased Argentine pesos and finalized a $20-billion currency swap to provide stability amid the country’s economic turmoil.
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By Fatima Hussein
Oct. 9, 2025
- The U.S. directly purchased Argentine pesos and finalized a $20-billion currency swap to provide stability amid the country’s economic turmoil.
- Critics call it a bailout contradicting Trump’s “America First” agenda, rewarding his friend President Milei ahead of crucial October midterm elections.
- Argentina is the IMF’s biggest borrower with $41.8 billion outstanding, while U.S. farmers complain about losing soybean sales to China.
WASHINGTON — The U.S. directly purchased Argentine pesos on Thursday and finalized a $20-billion currency swap framework with Argentina’s central bank, Treasury Secretary Scott Bessent said in a social media post.
The intent is to provide assistance from the Latin American country’s economic turmoil.
U.S. buys Argentine pesos, finalizes $20-billion currency swap
U.S. farmers and Democratic lawmakers have criticized the deal as a bailout of a country that has benefited from sales of soybeans to China, to the detriment of U.S. farmers.
www.latimes.com
