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 ...

China and South Korea have signed a new five-year bilateral currency swap agreement worth 70 trillion won ($49.24 billion / 400 billion yuan) as they seek to strengthen their economic relationship.

SEOUL, Dec 1 (Reuters) - The central banks of South Korea and Japan sealed on Friday a $10-billion currency swap deal following an agreement between their finance ministers, the central banks said in ...

A one hundred Argentine peso bill sits on top of several one hundred U.S. dollar bills in this illustration picture taken October 17, 2022. REUTERS/Agustin Marcarian/Illustration (Reuters) -The U.S.

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 ...

The deal is aimed at stabilizing the Argentine peso and strengthening the country’s ability to manage foreign exchange and market volatility, according to Reuters. The central bank, known as BCRA, ...

Democratic Sen. Elizabeth Warren and Treasury Secretary Scott Bessent are clashing over financial aid for Argentina during the ongoing U.S. government shutdown.

President Trump on Tuesday threatened to pull assistance for Argentina — led by a political kindred spirit whose philosophy aligns with that of the Republican administration— if the nation’s internal ...

United States Secretary of the Treasury, Scott Bessent presents an award to the President of Argentina Javier Milei at the Global Citizen Awards ceremony, Wednesday, Sept. 24, 2025, in New York. (AP ...