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U.S. purchases Argentine pesos and completes $20 billion currency exchange.

U.S. purchases Argentine pesos and completes $20 billion currency exchange.

U.S. Currency Swap with Argentina WASHINGTON — On Thursday, the United States took the unusual step of directly purchasing Argentine pesos, completing a $20 billion currency swap line with Argentina’s central bank and Treasury secretary. This action aims to stabilize the struggling financial markets of the cash-strapped South American nation, as noted in a social […]