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Trump’s $20 Billion Swap Line With Argentina
['Cameron Abadi', 'Adam Tooze', 'Keith Johnson', 'Mark Weisbrot', 'Kristi Raik', 'Matthew Kroenig', 'Steven A. Cook', 'Jo Inge Bekkevold', 'Sina Toossi', 'Emma Ashford']
Foreign Policy
What sort of historical precedents are there for the U.S. swap line?
U.S. Treasury Secretary Scott Bessent recently announced that the United States would make a $20 billion swap line available to Argentina to help stabilize the country’s financial markets and the value of the peso.
U.S. Treasury Secretary Scott Bessent recently announced that the United States would make a $20 billion swap line available to Argentina to help stabilize the country’s financial markets and the value of the peso.
What sort of historical precedents are there for the U.S. swap line?
I would have said: No, this is a strategic play, Argentina also has a swap line from China, we want to unhook Argentina from China, and that’s why we’re doing this.