Trump’s $20 Billion Swap Line With Argentina

Is there historical precedent for this kind of financial intervention?

Argentine President Javier Milei walks to the podium to address the United Nations General Assembly on Sept. 24 in New York City. October 2, 2025, 3:26 PM Comment icon View Comments ( )

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. Argentine President Javier Milei took office two years ago promising to fix Argentina’s economic problems through libertarian reforms. The U.S. financial intervention suggests that those reforms haven’t worked according to plan.

How exactly has Milei’s presidency got

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