Tuesday, October 14, 2025
Day 268
1 documented win
U.S.–Argentina currency support and trade
The win
A meeting with President Milei packaged a $20 billion currency swap and more Argentine beef access — backing a reform government and grocery competition.
For Americans
More beef on U.S. shelves is a price lever. Supporting a dollar-friendly Argentina is cheaper than managing another collapsed peso crisis later.
For people abroad
Argentines who voted for shock therapy instead of another Peronist spiral get a backstop from the only balance sheet that can actually hold a peso run. That is help you can spend: a currency that works, and a reform government that does not get eaten by the next panic.