Post #67067 by Knighted on the US Policy board

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What is MAGA getting for the $40 billion given to Argentina?

It was not a transfer/give-away.

It was a currency swap to support the Argentine peso, so the US received the same amount in Argentine pesos that it provided Argentina in US dollars.

Actually, the swap line from the US government was only half that at $20B - the other half was $20B in loans from private banks/sovereign funds.

Argentina only used a small portion of this swap, around $2.5B, and it already returned the money (with interest as part of the conditions).

So the actual realized financial cost was zero, and the swap generated a small net profit for the U.S. government.

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