Argentina could be forced to devalue its currency or default on its debt, warned a report by the Congressional Research Service (CRS), the United States Congress’s public think tank. The swap line, part of the U.S. Exchange Stabilization Fund (ESF), totals US$20 billion, of which, according to private estimations, Argentina used over US$2 billion. Neither the Central Bank nor the Economy Ministry confirmed the amount the country spent, which is new debt with the United States Treasury. The report is part of an evaluation by the U.S. Congress of Donald Trump’s aid to Argentina. For example, in one three-day period, it sold more than $1.1 billion in foreign currencies,” it detailed.

Source: Bueno Aires Herald January 08, 2026 00:33 UTC