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U.S. Buys More Argentine Pesos, Plans $20 Billion Debt Facility to Support Economy

Oct 15, 2025, 10:56 p.m. ET

The United States purchased more Argentine pesos in the open market on Wednesday, Treasury Secretary Scott Bessentsaid, adding that Washington is working with banks and investment funds to establish a $20 billion facility to invest in Argentina’s sovereign debt.

Speaking at a press conference, Bessent said the new debt facility would complement a $20 billion U.S. currency swap line with Argentina, bringing total planned support for Latin America’s third-largest economy to $40 billion.

Bessent did not provide details of the latest peso-buying operation, which follows an initial purchase on October 9.

The move helped lift Argentine stocks, which rebounded after U.S. President Donald Trump’s comments on Tuesday appeared to cast doubt on Washington’s support for Buenos Aires.

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