Citing The Shib Daily, U.S. Treasury Secretary Scott Bessent stated the United States is prepared to support Argentina amid economic challenges, including a sharp decline in the peso and rising inflation. Bessent mentioned potential measures such as swap lines, currency interventions, and debt acquisitions through the Treasury’s Exchange Stabilization Fund. The peso dropped significantly last week due to investor concerns over President Javier Milei’s reform capacity and a corruption probe involving his relative. Argentina’s central bank spent $1.1 billion over three days to support the peso, while Argentine stocks rose to a six-month high following the U.S. Treasury’s pledge of support.
U.S. Pledges Support for Argentina Amid Peso Plunge and Economic Struggles
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