US Treasury Secretary Scott Bessent said on Sunday that Trump’s endorsement and the US$20 billion U.S. currency swap with Argentina had enabled President Javier Milei to perform well in October’s midterm elections. Asked about the swap in an interview with La Derecha Diario owner Javier Negre, Bessent said: “[Trump] endorsed President Milei. Bessent also defended the decision to offer Argentina a currency swap, claiming the deal was misreported. Initially, the U.S. authorities said it could include purchase of the country’s USD bonds, a stand-by credit line, and a Central Bank currency swap. In October 2025, the United States and Argentina agreed on a US$20 billion currency swap line, which Buenos Aires had to “activate” to access the funds.

Source: Bueno Aires Herald January 26, 2026 17:45 UTC