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Argentina's government is working with banks and payment firms on a dual-currency debit card and dollar loans for sectors currently excluded from such financing. The moves follow more than US$20 billion in deposits from a tax amnesty, which helped the peso strengthen over 20% in parallel markets since July.
Expanded dollar usage and credit could further ease peso pressure and support the stability of Argentine export pricing, with modest implications for global oilseed and meal supply.
batimes.com.arJames GraingerDec 19, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
