03:36 PM EDT, 10/10/2025 (MT Newswires) -- The US Treasury selected Banco Santander (SAN) to purchase Argentine pesos in the market Thursday as part of a broader support effort, Bloomberg News reported Friday, citing sources familiar with the matter.

Santander was chosen due to its role as a primary dealer in US treasuries and its extensive trading operations in New York and Buenos Aires, the outlet reported.

Treasury Secretary Scott Bessent also unveiled a $20 billion aid package for Argentina's economy, Bloomberg reported.

Details on the size of the peso purchase have not been disclosed, Bloomberg added.

Santander and the US Treasury did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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