{
  "id": 14146667,
  "title": "Milei Says Argentina Has US$125 Billion for a Peso Run",
  "url": "https://urgent.news/2026/10/13/milei-says-argentina-has-us-125-billion-for-a-peso-run",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T06:55:13.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/argentina-milei-125-billion-peso-run-2026/"
  },
  "original_language": "en",
  "account": "Argentine President Javier Milei claims his government possesses US$125 billion to combat a potential peso run during the upcoming presidential election in 2027. This assertion was made in an interview with Radio Mitre, a Buenos Aires talk show, on October 12, 2026. The funds are backed by a US$20 billion swap line with the US Treasury. Argentina previously utilized $2.5 billion from this line during the October 2025 congressional elections, repaying the amount in December. Milei asserts that Argentine elections often trigger such currency crises and that he does not anticipate a run but is nevertheless preparing for one. This \"bazooka of dollars\" includes US$20 billion from central bank purchases, US$20 billion from US-China swaps, US$15 billion in futures, and US$25 billion in debt payment financing. He dismisses rumors about his Economy Minister, Luis Caputo, potentially leaving the cabinet, stating that their relationship is symbiotic and aligned. Milei's claims are supported by the fact that the swap line is still in effect, though the US Treasury has stated it does not hold any additional pesos. The extent of the cushion is debated, with economist Miguel Ángel Broda estimating that about US$183 billion could flow into a peso run. The US exposure to this cushion is through the Treasury swap line, which has not been fully disclosed. The government's ability to maintain this financial cover may depend on the outcome of the November US elections.",
  "summary": "Javier Milei told Radio Mitre on 12 October that Argentina has US$125 billion to fight a 2027 run on the peso, with a US Treasury swap line in the mix. The post Milei Says Argentina Has US$125 Billion for a Peso Run appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}