Argentina after the vote: Milei’s next steps#shorts #milei #argentina #politics

Currency Swap Plans for Argentina - Discussions involve a $20 billion swap line established by the Treasury with the Argentina central bank [1][2] - Reports indicate potential FX intervention, including outright purchases of pesos and sales of dollars [1] - Treasury is reportedly working with the private sector on another $20 billion to provide longer-term funding [2] Mechanics of Swap Lines - Swap lines involve the Federal Reserve exchanging dollars for the currency of another central bank at a specified exchange rate [3] - Swap lines can range from one day to three months in maturity [4] - At maturity, the Fed receives dollars back and returns the foreign currency at the same exchange rate [4]