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Bessent says US purchased pesos and finalized framework for $20 billion lifeline for Argentina
The Trump administration has finalized plans to provide a $20 billion lifeline to Argentina, Treasury Secretary Scott Bessent said Thursday via social media. Additionally, the United States “directly” purchased Argentine pesos,
The U.S. Treasury's action made good on Trump's pledge to prop up the wobbling country and sent the peso and Argentine dollar bonds sharply higher.