The Central Bank of Argentina (BCRA) announced it has signed an exchange-rate stabilisation agreement with the United States Department of the Treasury for up to USD 20 billion, establishing the terms and conditions for bilateral currency swap operations. The swap operations are intended to expand the BCRA’s set of monetary and foreign-exchange policy instruments, including by strengthening liquidity in its international reserves in line with its statutory regulatory functions. The central bank positioned the agreement as part of a broader strategy to support Argentina’s macroeconomic stability, with an emphasis on preserving price stability and improving its capacity to respond to potential volatility in foreign-exchange and capital markets.
Central Bank of Argentina 2025-10-20
Central Bank of Argentina signs up to USD 20 billion exchange-rate stabilisation agreement with the United States Department of the Treasury
The Central Bank of Argentina signed a USD 20 billion exchange-rate stabilisation agreement with the United States Department of the Treasury for bilateral currency swap operations. This agreement aims to enhance the BCRA's monetary and foreign-exchange policy tools, bolster liquidity in international reserves, and support Argentina's macroeconomic stability.