Argentina’s central bank said on Monday that it would allow the peso to move more freely, responding to investors who have demanded President Javier Milei’s government correct an overvalued currency, the Wall Street Journal reported. Milei’s administration now lets the peso sell freely within a band with upper and lower limits, rather than allowing it to float as the U.S. and other countries permit with their currencies. Beginning next year, the new policy will allow the band to expand at the rate of monthly inflation, which was 2.5% in November, the central bank said.

The Central Bank of Argentina (BCRA) is analyzing lifting the crypto ban on banks and allowing them to provide account holders with digital asset-related services, according to Argentinian newspaper, La Nacion, Reuters reported. The new rules for banks could be ready as soon as April 2026, La Nacion reported, quoting sources close to the BCRA.

A planned $20 billion bailout to Argentina from JPMorgan Chase, Bank of America and Citigroup has been shelved as bankers pivot instead to a smaller, short-term loan package to support the financially distressed government, the Wall Street Journal reported. Treasury Secretary Scott Bessent and the Trump administration had been seeking to bolster Argentine President Javier Milei’s pro-reform party when they announced a pair of financial lifelines this fall. The package included a $20 billion currency swap with the U.S.

The United States said on Thursday that it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and El Salvador under framework agreements that will give U.S. firms greater access to those markets, Reuters reported. The agreements are expected to help lower prices for coffee, bananas and other foodstuffs, a senior Trump administration official told reporters, adding the administration expected U.S. retailers to pass on the positive effects to American consumers.

A group of banks including JPMorgan Chase, Bank of America and Goldman Sachs is struggling to put together a $20 billion loan to Argentina without leaving themselves too exposed to the financially distressed South American country, the Wall Street Journal reported. The bank loans would be part of the Trump administration’s plan to backstop the finances of libertarian President Javier Milei’s government with a $40 billion package, including a $20 billion currency swap with the U.S. Treasury Department and the separate $20 billion bank-led debt facility.

Banks including JPMorgan, Bank of America, Goldman Sachs and Citigroup are in talks with the U.S. Treasury to provide up to $20 billion in loans to Argentina, Semafor reported on Thursday, Reuters reported. U.S. Treasury Secretary Scott Bessent on Wednesday had said that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bessent said that the facility would sit alongside a new $20 billion U.S.

Persistent exchange rate pressures continued to weigh on Argentina's financial markets on Wednesday, straining the Treasury as proceeds from a special liquidation deal with agricultural exporters dwindle, Reuters reported. Traders estimate the Treasury, under the Ministry of Economy, has sold more than $1.6 billion in the past six trading sessions to support the weakening peso. The ministry does not publicly report its market operations.

Argentina's economic activity grew 2.9% in July compared with the same month last year, official data showed on Wednesday. The figure for Latin America's third-largest economy came in below the 3.3% figure projected by analysts polled by Reuters. Read more.

Treasury Secretary Scott Bessent on Monday announced the Trump administration is looking at options to provide Argentina a financial lifeline as the country struggles to overhaul its economy, the Wall Street Journal reported. Bessent in a series of posts on X laid out the options administration officials are reviewing to backstop Argentina if the country under President Javier Milei’s leadership can’t overcome its financial woes. “These options may include, but are not limited to, swap lines, direct currency purchases, and purchases of U.S.