US Treasury Secretary Scott Bessent mentioned on Thursday that the US had purchased Argentinian pesos and finalised a $20 billion financial help programme with the South American nation’s central financial institution, after concluding talks along with his counterpart. The help comes as Argentina’s right-wing President Javier Milei, a detailed ally of US President Donald Trump, had been combating market turbulence after a defeat in Buenos Aires provincial elections seen as a bellwether for upcoming midterms. France 24’s Sharon Gaffney speaks to Ignacio Labaqui, political analyst and professor of Latin American politics and worldwide relations at Universidad Católica Argentina.
US buys Argentine pesos, finalises $20 billion foreign money swap framework
By Emily Turner
