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Argentina First — The record

Reporting and findings

  1. documented

    Argentina's central bank and the U.S. Treasury signed an exchange-stabilization agreement with capacity up to $20 billion.

  2. documented

    Treasury entered the exchange-stabilization agreement under the Trump administration; the action traces to Trump through his Treasury Department, not through a person-association edge.

People and organizations

Relationships in this file

Money trail

  1. commitmentMaximum exchange-stabilization facilityup to $20 billion
    Committed by / source
    U.S. Exchange Stabilization Fund
    Committed toward / intended recipient
    Central Bank of Argentina
    committed · 2026-01-09 · observedRead source record
    Calculation detailsPopulation U.S. Exchange Stabilization Fund; Central Bank of Argentina; Argentine financial system; U.S. soybean farmersPeriod 2025-10-20 to 2026-01-09Basis Face amount stated by both counterparties; no assumption that the full amount was drawn.Limits The ceiling measures contingent capacity, not cash outlay or loss.