US, Argentina Sign $20 Billion Swap Deal Amid Deep Peso Rout
FacebookXLinkedInEmailLinkGiftUS bank earnings look solid and balance sheets are strong, but Former US Treasury Secretary Lawrence H. Summers warns about risks in fast-growing private credit, uneven deregulation — and a risky, go-it-alone US intervention to prop up Argentina’s peso without IMF-style safeguards.Source: BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Manuela Tobias and Patrick GillespieOctober 20, 2025 at 12:29 PM UTCUpdated on October 20, 2025 at 5:02 PM UTCBookmarkSave
Argentina’s central bank and the US Treasury signed a currency swap line for $20 billion, a vote of confidence for President Javier Milei ahead of a crucial midterm election. But with details still scarce, bonds erased initial gains and the peso weakened.
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