U.S. Treasury Secretary: Necessary measures will be taken to support Argentina and negotiations are underway for a $20 billion currency swap line.

Jin10 data reported on September 24th that U.S. Treasury Secretary Becerra stated on Wednesday that the U.S. is ready to take necessary measures to support Argentina and is currently negotiating with the Central Bank of Argentina for a $20 billion currency swap line. Becerra said that the U.S. is prepared to purchase dollar-denominated bonds from Argentina when conditions allow. He also mentioned that the U.S. will provide significant standby credit through the forex stabilization fund. He stated, “Argentina has tools to defeat speculators, including those attempting to undermine the stability of the Argentine market for political purposes.” Becerra also indicated that the U.S. is ready to purchase secondary or primary government bonds and is working with the Argentine government to end the tax exemption period for commodity producers exchanging foreign currency.