Argentina's Finance Minister stated that the US Treasury's support for the Argentine peso remains unwavering.

The United States is "willing to continue purchasing pesos and bonds, with all options under consideration," Economy Minister Luis Caputo said during a Sunday interview on Buenos Aires television station LN+. "Today, the world's strongest nation says: 'Argentines, we will do everything possible to create a better situation for you.'"

Argentine President Javier Milei is set to visit the United States, with a meeting scheduled at the White House with US President Donald Trump on October 14th.

Last week, the US swiftly moved to help stabilize Argentina's economy by providing $20 billion in financing and making rare foreign exchange market interventions to support the peso after weeks of sharp declines. The US Treasury also directly purchased pesos, following unsuccessful attempts by Argentine authorities to halt the peso's decline on their own.

Caputo indicated that the agreement with the US Treasury does not signify dollarization or peso devaluation. He suggested that Argentina will maintain its current exchange rate band system following the October 26th midterm elections.

Prior to Washington's market intervention, Argentina's Finance Ministry had spent $1.8 billion attempting to support the peso. Argentine markets will reopen on Monday following Friday's public holiday.