Business

Argentina Repays $20 Billion US Swap Line, Bessent Says

Support for Argentina’s Javier Milei was an ‘America First homerun deal,’ says Treasury Secretary Scott Bessent.
Argentina Repays $20 Billion US Swap Line, Bessent Says
U.S. President Donald Trump greets Argentinian President Javier Milei at the White House in Washington on Oct. 14, 2025. Madalina Kilroy/The Epoch Times
Andrew Moran
|Updated:
0:00

Treasury Secretary Scott Bessent said on Jan. 9 that Argentina has repaid a drawdown on the $20 billion swap line with the United States.

A severe October 2025 cash crunch pushed Argentina to obtain a $20 billion backstop from the Trump administration, delivered through a currency‑swap facility that shored up the peso.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."