\t\t\t \t\t\t\t\t \t\t\t\t\t Argentina\u2019s Central Bank announced on Friday it has repaid the portion of the US$20 billion currency swap with the United States\u2019 Treasury that it drew on in 2025. The announcement is the first public confirmation by the monetary authority that part of the facility had been \u201cactivated.\u201d<\/p>\n
According to a communiqu\u00e9 by the Central Bank, the payment was made in December, for \u201ctransactions carried out during the fourth quarter of 2025.\u201d<\/p>\n
U.S. Treasury Secretary Scott Bessent wrote in a post on X that, \u201creflecting its strengthened financial position, Argentina has both quickly and fully repaid its limited draw on the swap facility with the United States.\u201d<\/p>\n
He added that the Exchange Stabilization Fund (ESF), the emergency reserve fund from where the swap came from, \u201ccurrently does not hold any pesos\u201d and \u201cnever lost money.\u201d<\/p>\n
\u201cOur nation has been fully repaid while making tens of millions in USD profit for the American taxpayer,\u201d he added.<\/p>\n
Argentine economist Christian Buteler said that the U.S. Treasury earnings came from interests paid by the Central Bank. \u201cTheir profit is our loss,\u201d he wrote on X.<\/p>\n
The swap Last October, the United States and Argentina agreed on a US$20 billion currency swap line. Once it is agreed, the country has to \u201cactivate\u201d it to be able to get the funds and use them freely.<\/p>\n
Even though the spent amount and terms remain confidential, Argentine economists analyzed Central Bank data last November and concluded that Argentina had used part of the swap.<\/p>\n
Experts stated that the country used those U.S. dollars to pay for the U.S. Treasury\u2019s intervention ahead of the October 26 mid-term elections, when the Trump administration bought pesos to quell a run on the South American currency.<\/p>\n
Analysts calculated that the U.S. sunk well over US$2 billion to prop up the peso, although the figure has not been made public. Bessent then confirmed that Argentina had, indeed, activated the swap.<\/p>\n
On Friday, Argentine Economy Minister Luis Caputo thanked Bessent on X for his \u201cswift response to blatant attacks whose sole purpose was to destabilize our government at a time when our most committed people are focused on long-term change.\u201d<\/p>\n
A source in the Central Bank told the Herald that the US$20 billion currency swap remains in force \u201cunder the agreed terms,\u201d which will not be made public.<\/p>\n","protected":false},"excerpt":{"rendered":"
Argentina\u2019s Central Bank announced on Friday it has repaid the portion of the US$20 billion currency swap with the United States\u2019 Treasury that it drew on in 2025. The announcement is the first public confirmation by the monetary authority that part of the facility had been \u201cactivated.\u201d According to a communiqu\u00e9 by the Central Bank, […]<\/p>\n","protected":false},"author":12,"featured_media":24618,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[471,42,81,45,82,982],"tags":[3056,96,596,174,100,7209],"class_list":["post-24617","post","type-post","status-publish","format-standard","has-post-thumbnail","category-currency-swap","category-economics","category-international-relations","category-luis-caputo","category-scott-bessent","category-swap","tag-currency-swap","tag-economics","tag-international-relations","tag-luis-caputo","tag-scott-bessent","tag-swap"],"_links":{"self":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/24617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/comments?post=24617"}],"version-history":[{"count":0,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/posts\/24617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media\/24618"}],"wp:attachment":[{"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/media?parent=24617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/categories?post=24617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/service.codeus.ca\/index.php\/wp-json\/wp\/v2\/tags?post=24617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}