| Part of2018–present Argentine monetary crisis | |
.jpg) Argentine PresidentJavier Milei and US PresidentDonald Trump at theUN headquarters in September 2025 | |
| Date | October 9, 2025 (2025-10-09) |
|---|---|
On 9 October 2025,United States Treasury SecretaryScott Bessent announced that theUnited States purchasedArgentine pesos and agreed to acurrency swap worth 20 billionUS dollars,[1][2] of which only 2.5 billion were used.[3]
During aWhite House meeting with Argentine presidentJavier Milei on October 14, US presidentDonald Trump conditioned the currency swap on the electoral success ofMilei's party in theupcoming election. The next day, Bessent told reporters that an additional US$20 billion in financial aid could come for Argentina throughsovereign funds and investments fromprivate banks.[4]
On 9 January 2026 Scott Bessent said that Argentina had fully repaid the currency swap and it that generated "tens of millions" in profit for American taxpayers.[5]
After Trump's October 14 comments, the shares of Argentine companies listed on theNew York Stock Exchange dropped by 8.1% at the most before a slight recovery; the Argentine pesodepreciated the next day by 0.7% against the US dollar.[4]
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Chuck Grassley, the Republican US senator from Iowa, was critical of the bailout, questioning whether Argentina should be bailed out when it was exportingsoybeans to China at the disadvantage of American farmers.[6]
On social media, former presidentCristina Fernández de Kirchner wrote, "Trump to Milei in the United States: 'Our agreements depend on who wins election.' Argentines … you already know what to do!".Martín Lousteau, the president of theRadical Civic Union, stated that "nothing good can come of this". In response to Trump's conditioning the bailout on Milei's party's success in the upcoming election,Maximiliano Ferraro, the president ofCivic Coalition ARI, said that it was "a blatant act of extortion against the Argentine Nation".[4]
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