In October, the U.S. Treasury, under Trump’s Secretary Scott Bessent, funneled billions of dollars to Argentina’s central bank. It was designed to stabilize the peso just days before Argentina’s midterms, buying Milei time, credibility, and a crucial electoral win. Trump said it outright: if Milei lost, the money would disappear. This wasn’t foreign policy. But by labeling it a swap and hiding it in the balance sheet of the central bank, the Milei administration bypassed Parliament entirely.

Source: Bueno Aires Herald December 27, 2025 16:05 UTC