# Argentines spend most dollars since 2018 on strong peso policy | Buenos Aires Times

> Argentine credit card spending in foreign currencies reached US$645 million in January 2025, the highest since February 2018, according to central bank data. The trend reflects a peso that has held relatively firm against the dollar as the government lets it depreciate about 1% per month, while wages and prices rise faster. Argentines are also spending more in neighbouring countries, which weighs on the trade balance.

- Date: 2025-02-11 · published 2025-02-11T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/26349-argentines-spend-most-dollars-since-2018-on-strong-peso-policy-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A strong peso and rising dollar spending point to a wider current account deficit and pressure on Argentina's export earnings, which can affect farm exporters' selling pace and the peso's exchange rate. The effect on world feed prices is indirect and limited.

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentines-spend-most-dollars-since-2018-on-strong-peso-policy.phtml

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.