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US may withdraw support for Argentina if it continues accord with China – TON BOT

US may withdraw support for Argentina if it continues accord with China

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The United States is conditioning its support for Argentina’s IMF negotiations on President Milei severing ties with China, including ending a currency swap agreement. This move is seen as a strategic effort to counter China’s influence in the region. Argentina has high inflation rates and has requested a $20 billion loan from the IMF. The US views the currency swap agreement with China as a way for China to exert influence over Argentina’s economy. Milei has expressed interest in dollarizing the economy and has been a vocal advocate for Bitcoin.

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