Argentina repays $2.5 billion drawn from U.S. swap line.

Argentina repaid the $2.5 billion it drew from a $20 billion currency swap line with the United States, the U.S. Treasury announced; the payment was reported as part of a broader $4.3 billion debt repayment that included bondholder payments.

Argentina repaid the $2.5 billion it drew from a $20 billion currency swap line with the United States, the U.S. Treasury announced. The repayment was reported to have been made alongside a broader $4.3 billion debt payment that included bondholder obligations. The swap agreement was arranged in October 2025 and used resources from the Treasury's Exchange Stabilization Fund to exchange U.S. dollars for Argentine pesos. U.S. and Argentine officials described the operations as steps to stabilize Argentina's foreign exchange market and reserves. Key facts: - The U.S. Treasury, via Secretary Scott Bessent, announced that Argentina fully repaid the $2.5 billion draw on the swap facility and that the Exchange Stabilization Fund currently does not hold Argentine pesos. - Treasury statements said the ESF was repaid while generating “tens of millions” of dollars in profit for the U.S. taxpayer, and that the facility acted to address short-term liquidity pressure. - The payment was reported as part of a larger $4.3 billion repayment that included key payments to bondholders. - Argentina's Central Bank (BCRA) reported that transactions under the October swap agreement were settled in December 2025 and reflected the operations on its balance sheet. - Argentine media reported that the BCRA recorded the $2.5 billion as a liability and that the government took a new loan from an unnamed international organization to fund the payment; Argentine sources told outlets the creditor was not the IMF. Summary: The Treasury characterized the repayment as a full settlement of the limited draw on the swap line and said the ESF now holds no Argentine pesos. Argentine central bank entries and media reports show the transaction on BCRA balance sheets and note an offsetting new loan from an unnamed international organization. Bloomberg reported Argentina faces a similar $4.3 billion debt repayment in about six months and that investors expect the government to secure market access by then.