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.
Andrew Moran
1/9/2026|Updated: 1/9/2026
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.
It is unclear how much the Argentine government used from the swap line.
Three months later, after employing a “peace through economic strength” policy, the United States no longer held pesos and generated a profit from the agreement.
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READ MORE: https://www.theepochtimes.com/business/argentina-repays-20-billion-us-swap-line-bessent-says-5968623?ea_src=frontpage&ea_med=section-1
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