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News in English (USA) / 22.10.2025 / 12:00

US and Argentina Sign $20 Billion Currency Swap Deal Amid Economic Tensions

In a bid to stabilize its economy, Argentina has formalized a $20 billion currency swap deal with the United States, a move supported by the Trump administration despite growing opposition in the US. The agreement aims to stem the rapid decline of the Argentine peso, which has faced significant devaluation fears even with US backing. However, US banks are reportedly struggling to secure collateral for the bailout, raising concerns about the effectiveness of the financial support. As the situation develops, economists warn that without a meaningful policy shift, the US intervention may not be sufficient to rescue Argentina from its ongoing crisis.
Politico, The Wall Street Journal, Financial Times, The New Yorker, Reuters, MSNBC News, Bloomberg, Reason Magazine, The Guardian, The Overshoot