-
The US has extended financial support to Argentina, including a $20 billion currency swap, to stabilize the peso ahead of midterm elections. Support is linked to policy performance, with US backing contingent on continued good governance by President Milei amid currency fluctuations and political pressure.
-
Argentina is deploying a new strategy involving stablecoins to exploit the country's exchange rate gap. By buying dollars at the official rate and converting them into stablecoins, traders can then exchange these for pesos at a cheaper market rate, potentially earning up to 4% profit per transaction. The move aligns with Argentina's broader efforts to stabilize its economy amid currency volatility, supported by a US-Argentina swap agreement announced in October. The central bank aims to expand its monetary tools and reserves through these measures, amid ongoing political and economic challenges.
-
On November 3, 2025, Argentina's President Javier Milei's party, La Libertad Avanza (LLA), secured a decisive victory in midterm congressional elections, buoyed by a $40bn US bailout led by Donald Trump. Despite deep austerity measures, inflation reduction, and rising poverty, Milei's coalition strengthened its congressional presence, enabling him to advance free-market reforms amid ongoing economic and social challenges.