The administration of United States President Donald Trump has purchased Argentinian pesos and finalised a $20bn currency swap framework with Argentina’s central bank in a deal aimed at shoring up the country’s faltering finances.

Treasury Secretary Scott Bessent announced the deal on X on Thursday, saying, “Argentina faces a moment of acute illiquidity. The international community – including [the International Monetary Fund] – is unified behind Argentina and its prudent fiscal strategy, but only the United States can act swiftly. And act we will.”

Bessent’s comments come after four days of meetings with his Argentinian counterpart, Luis Caputo, who expressed his “deepest gratitude” to Bessent on X after the deal was announced.

The support comes as Argentina’s right-wing President

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