Argentine economists believe the US Treasury has already sold its pesos

[MilHojas]

Argentine economists believe the US Treasury has already sold its pesos - Buenos Aires Herald

A Central Bank balance sheet indicates that the currency swap between both countries may have been activated, prompting economists to demand transparency

buenosairesherald.com

 

[RichardAlem]

Trump and Bessant last week both said that the U.S. made hundreds of millions of dollars of profit on the swap.

The U.S. won and Milei won. Which was the intention.

 

[zensailor]

Trump and Bessant last week both said that the U.S. made hundreds of millions of dollars of profit on the swap.

The U.S. won and Milei won. Which was the intention.

Unfortunately, the citizens of Argentina lost again

 

[SlowWalker]

Unfortunately, the citizens of Argentina lost again

How?

They got stabilization when it was required.

The Treasury bought at 15XX and sold at 14XX.

Making money in the FX want really the goal for Bessant nor any meaningful impact to the Treasury.

 

[lunar]

How?

The Treasury bought at 15XX and sold at 14XX.

Since each peso was worth more at the time of sale, the Treasury received more dollars back than it had spent, making a profit.

Making money in the FX want really the goal for Bessant nor any meaningful impact to the Treasury.

Yep, they were supporting Milei and just happened to make some money along the way.

 

[SlowWalker]

Since each peso was worth more at the time of sale, the Treasury received more dollars back than it had spent, making a profit.



Yep, they were supporting Milei and just happened to make some money along the way.

I was asking how Argentinians lost.

 

[RogerTotal]

Trump and Bessant last week both said that the U.S. made hundreds of millions of dollars of profit on the swap.

The U.S. won and Milei won. Which was the intention.

More 4D chess from Trump. The more he wins the more his haters cry

 

[FrankPintor]

I was asking how Argentinians lost.

They ended up with a still over-valued currency and uncompetitive exports.

 

[lunar]

I was asking how Argentinians lost.

Argentines were on the other side of the trade.
Whether it was regular people or the central bank.

 

[Bajo_cero2]

How?

They got stabilization when it was required.

The Treasury bought at 15XX and sold at 14XX.

Making money in the FX want really the goal for Bessant nor any meaningful impact to the Treasury.

We have inflation is USD.