Argentina’s central bank announced Monday that it has signed a $20 billion swap line agreement with the U.S. Treasury, aimed at stabilizing prices and reinforcing the nation’s foreign currency reserves. The deal comes less than a week before President Javier Milei’s midterm elections, which could determine the fate of his market-oriented reform agenda.
- The agreement provides Argentina with up to $20 billion in liquidity support through a bilateral currency swap with the U.S. Treasury.
- According to the central bank’s statement, the swap is designed to preserve price stability and promote sustainable economic growth.
- The deal strengthens Argentina’s international reserves amid persistent inflation and currency pressures.
- President Milei faces key midterm elections Sunday, with the outcome likely to influence the continuation of his economic policies.
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
