Citigroup Inc sold Argentine pesos to the Federal Reserve on Thursday as part of US Treasury Secretary Scott Bessent’s wide-ranging effort to buoy the currency and Javier Milei’s administration, according to people familiar with the matter.
The Fed acted as a fiscal agent on behalf of the Treasury, the people said, asking not to be identified discussing the confidential dealings.
Bessent’s Treasury is buying the beleaguered currency from or through
Continue Reading on Buenos Aires Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.