🚨🇺🇸 SENATOR WARREN CALLS FOR END TO US–ARGENTINA CURRENCY SWAP 💱⚠️

U.S. Senator Elizabeth Warren is urging Treasury Secretary Besant to terminate a $20 BILLION currency swap deal with Argentina 💥💰

According to Jin10, the credit line was extended ahead of Argentina’s 2025 midterm elections, at a time when President Javier Milei’s party was under political pressure following local election losses 🗳️📉

🧾 WHAT’S THE DEAL?

💵 Swap Size: $20B

🏦 Tool Used: Exchange Stabilization Fund (ESF)

🇦🇷 Purpose: Support Argentina’s peso & financial markets

Last September, Besant described the move as a “bridge” 🧱— designed to help Milei navigate elections and continue economic reforms ⚙️📊

The Treasury reportedly used the ESF to intervene directly in Argentina’s markets, purchasing an undisclosed amount of pesos 👀💱

⚠️ WARREN’S WARNING

📣 As the top Democrat on the Senate Banking Committee, Warren plans to press the issue during today’s committee hearing 🏛️🔥

🗨️ Warren stated:

Although the Treasury says the ESF is for “urgent, short-term, and pressing purposes,” keeping this swap could allow extended support beyond Argentina’s October 2025 elections ⏳⚖️

🧠 BIG PICTURE

This raises serious questions about:

❓ Political timing & foreign support

❓ Scope and limits of the Exchange Stabilization Fund

❓ U.S. involvement in emerging market elections & reforms

👀 All eyes now on the Senate hearing — this swap deal could soon face intense scrutiny 🔍🔥