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Argentina formalizes $20bn currency swap deal with US

Bailout by Trump attempts to stabilize shaky economy under Javier Milei as he faces mounting midterms pressureUS politics live – latest updatesArgentina has formalized a currency swap agreement with the United States for up to $20bn aimed “at contributing to Argentina’s economic stability”, the South American country’s central bank said.The deal is part of huge financial support from the administration of Donald Trump, a strong backer of the Argentinian president, Javier Milei, who is under pressure ahead of midterm elections on 26 October. Continue reading...

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