Argentina and U.S. Treasury sign $20 billion Exchange Stabilization Agreement

Buenos Aires, October 20, 2025 — The Central Bank of the Argentine Republic (BCRA) announced on Monday the signing of a major exchange stabilization agreement with the United States Department of the Treasury, valued at up to USD 20 billion.

According to the BCRA, the agreement aims to strengthen Argentina’s macroeconomic stability, with a focus on maintaining price stability and fostering sustainable economic growth.

The deal establishes the framework for a bilateral currency swap between the two parties. This mechanism will expand the BCRA’s monetary and exchange rate policy tools, particularly by boosting the liquidity of Argentina’s international reserves, the central bank said in a statement.

Officials described the accord as part of a broader economic strategy designed to reinforce the country’s monetary policy and enhance the BCRA’s capacity to respond to potential volatility in foreign exchange and capital markets.

While specific operational details were not disclosed, the agreement signals growing financial cooperation between Argentina and the United States amid ongoing efforts to stabilize the Argentine economy.