‘Only US can act swiftly’: Argentina-Washington finalise $20 billion currency swap; Bessent assures markets will be stabilised

US Secretary of Treasury Scott Bessent The US directly purchased Argentine pesos on Thursday and finalised a $20 billion currency swap framework with Argentina’s central bank, said treasury secretary Scott Bessent. The move is intended to provide assistance amid the Latin American country’s economic turmoil. In a social media post on X, Bessent wrote, “US […]