The cancellation was announced both by the United States Treasury Secretary and by the Central Bank of Argentina
Nuevo
Agregar La Derecha Diario en
Compartir:
The Government of Javier Milei returned the funds that it had used under the framework of the currency swap agreement signed with the Treasury of the United States for a total of USD 20,000 million.
The cancellation was announced both by the United States Treasury Secretary, Scott Bessent, through his official account on the social network X, and by the Central Bank of the Argentine Republic (BCRA) through an official statement. According to the monetary authority, the payment was made with resources from multilateral organizations.
The agreement had been announced on October 20, 2025, and it allowed Argentina to access the available funds. Specifically, the country used USD 2,500 million of the total authorized. According to the official information released by the Government of the United States, that was the only portion effectively disbursed within the exchange rate stabilization scheme.
Javier Milei y Donald Trump
From Washington, Bessent welcomed the early cancellation of the use of the swap and highlighted the financial situation of the South American country. “I am pleased to announce that, as a reflection of its strengthened financial position, Argentina has quickly and fully repaid its limited drawing on the swap with the United States, so that the Exchange Stabilization Fund (ESF) currently holds no pesos,” the official stated.
In parallel, the Central Bank specified the timing and scope of the operation. “In December 2025 it canceled the operations carried out during the fourth quarter of 2025 with the United States Department of the Treasury, under the exchange rate stabilization agreement for USD 20,000 million announced on October 20, 2025,” the BCRA's official statement indicated.
The use of the USD 2,500 million had a direct impact on the foreign exchange market. According to what was reported in due course by official sources, the intervention made it possible to stabilize the dollar exchange rate during the weeks prior to the parliamentary elections of October 26, in a context of strong financial volatility due to fear of a possible victory of Kirchnerism, something that ultimately did not occur.
The confirmation of the return of the funds came at the close of a week considered key for Milei's Government's financial program. During that period, Argentina managed to finalize a repo-type loan with six international banks for a total of USD 3,000 million. In addition, thanks to that agreement and other financial measures, the country completed the payment of USD 4,218 million to private bondholders, reducing the debt by more than one billion dollars.
Milei y Caputo.
Bessent also emphasized that the agreement proved profitable for the United States Treasury. “To reiterate, the ESF has never lost money. Our nation has received full repayment, generating tens of millions of dollars in profits for the American taxpayer,” he stated.
The Treasury Secretary also highlighted the political and economic context in which the operation took place. “With Argentina's stabilization, markets are now meeting Argentina's financing needs under President Milei's visionary leadership. President Milei and Finance Minister Caputo are generating positive momentum, and we anticipate their continued progress. We look forward to continuing to enthusiastically support President Milei and Argentina,” he expressed.
Finally, Bessent indicated that President Donald Trump's actions “are transforming Latin America into America First mode” and are helping to surround that country with stability and prosperity.
In that context, he maintained that Milei “continues to firmly fulfill the renewed mandate of the Argentine people in favor of economic freedom” and stated that Argentina had regained access to financial markets and implemented changes in its monetary and exchange rate policy.
