Reported 2 days ago
U.S. Treasury Secretary Scott Bessent announced on Friday that the U.S. bought Argentine pesos in both spot and 'Blue Chip Swap' markets to stabilize the currency, which weakened by 3.4% to 1,450 per dollar. This move is part of a broader support package including a $20 billion swap with Argentina's central bank and investments in its sovereign debt. IMF officials indicated that U.S. support is helping stabilize markets, although it remains unclear how much the U.S. has spent on these purchases.
Source: YAHOO