Currency swaps silently set the stage for a lot of economic activity worldwide. According to the latest reliable data, global daily currency swaps in 2022 was about $400 billion, around 5% of the $8.1 ...

The basic idea is Argentina gets dollars that it can then use to buy pesos, propping up the value. The U.S. gets to hang on ...

WASHINGTON, Oct 26 (Reuters) - U.S. Treasury Secretary Scott Bessent on Sunday said the U.S. will not lose any taxpayer funds ...

Beijing seeks to strengthen regional financial ties and boost yuan use as US trade pressures weigh on East Asian economies ...

Argentina’s central bank has struck a $20 billion currency swap deal with the U.S. Treasury to stabilize the peso and manage ...

According to a report by the South China Morning Post (SCMP) on October 22, China is in discussions with Korea and Japan ...

WASHINGTON (AP) — The United States directly purchased Argentine pesos on Thursday and finalized a $20 billion currency swap line with Argentina’s central bank, Treasury Secretary Scott Bessent said ...

Trump has now agreed to step in with a long-mooted US$20-billion plan. US Treasury Scott Bessent has also pledged another $20 ...

Treasury Secretary Scott Bessent, under fire from U.S. farmers and Democratic lawmakers, has insisted that the credit swap ...