Argentina Repays Trump-Era $20 Billion Credit Line

Argentina repaid the funds it drew from a $20 billion credit line with the U.S. Treasury, U.S. Treasury Secretary Scott Bessent announced Friday. The Argentine Central Bank had traded pesos for $2.5 billion through the swap by the end of October, and the U.S. Exchange Stabilization Fund now holds no Argentine pesos; the repayment helped stabilize markets and preceded a return to dollar bond issuance. Despite the payment, reserves remain low and upcoming IMF repayments pose continued risks.