# Argentina takes steps to speed up Milei’s dollarisation strategy | Buenos Aires Times

> 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.

- Date: 2024-12-19 · published 2024-12-19T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/27242-argentina-takes-steps-to-speed-up-milei-s-dollarisation-strategy-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: neutral

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-takes-steps-to-speed-up-mileis-dollarisation-strategy.phtml

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