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The US Treasury just threw Argentina a rare lifeline, moving to stabilise the country's markets by buying $20 billion (€17.28 bn) worth of Pesos as Buenos Aires battles dwindling dollar reserves.
“The US Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets,” said US Treasury Secretary Scott Bessent, adding that the Treasury Department held four days of meetings with Argentine Economy Minister Luis Caputo in Washington DC to cement the deal.
The move
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