Bessent Says US Negotiating $20 Billion Swap Line With Argentina
The US is in negotiations with Argentina to establish a $20 billion swap line, according to Treasury Secretary Scott Bessent. A swap line is a temporary currency exchange agreement that allows countries to access foreign currencies during times of economic stress. Bessent stated that the US is also prepared to purchase Argentina's dollar-denominated bonds. This move is aimed at providing financial support and stability to the Argentine economy, which has been facing economic challenges. The details of the negotiations and the specific terms of the potential swap line are not yet known. However, this development indicates the US government's willingness to work with Argentina to address its economic issues and strengthen the financial relationship between the two countries.
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