On October 9, 2025, U.S. President Donald Trump and Treasury Secretary Scott Bessent, authorized a 20 billion-dollar currency swap with the Central Bank of the Argentine Republic. Economic instability in Argentina has been a consistent issue for decades, and proponents hope that the currency swap will bring stability to the Argentine peso while increasing investors’ confidence. Some call this currency swap a “bailout” to the Argentine government, whose president, Javier Milei, is a close ally of Trump. Is this currency swap a sign of continued and growing American interference in Latin America?

AmericasDivya GummuluruDecember 11, 2025Argentina, Milei, Trump, macroeconomics, Scott Bessent, elections, government, debt, peso