# 'Uncertainty' over government decision to postpone end of exchange restrictions - Buenos Aires Herald

> Argentina's government announced a rollback of the PAIS tax from 17.5% to 7.5%, starting Monday, and is postponing the end of exchange restrictions known as the cepo. Analysts say net reserves could fall to negative US$8 billion by the end of 2024.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/29080-uncertainty-over-government-decision-to-postpone-end-of-exchange-restrictions
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Continued currency controls and weak reserves keep Argentine peso and export dynamics unstable, which can shape farmer selling and the price competitiveness of Argentine soymeal and oil exports.

## Read by commodity

- SBM: neutral
- USDARS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-03-21 | [Dollar: market believes exchange rate unification will take time - Buenos Aires Herald](https://feedsoft.ai/events/31490-dollar-market-believes-exchange-rate-unification-will-take-time-buenos-aires.md) | -1.4% | -1.5% |
| SBM | 2025-04-11 | [Beginning of stage 3 of the economic program with relaxation of currency restrictions and an exchange rate to float within a band \| BCRA](https://feedsoft.ai/events/25427-beginning-of-stage-3-of-the-economic-program-with-relaxation-of-currency.md) | -0.1% | -3.3% |
| SBM | 2019-09-01 | [Measures to safeguard exchange rate stability and savers \| BCRA](https://feedsoft.ai/events/57370-measures-to-safeguard-exchange-rate-stability-and-savers-bcra.md) | -0.3% | +2.3% |
| SBM | 2018-03-21 | [On UN Forests Day, new studies put EU in position to take action on deforestation - EIA](https://feedsoft.ai/events/66018-on-un-forests-day-new-studies-put-eu-in-position-to-take-action-on.md) | +3.0% | +4.1% |
| SBM | 2021-02-19 | [Seven steps to curb deforestation and enhance forest protection: Looking beyond EU-only solutions](https://feedsoft.ai/events/48667-seven-steps-to-curb-deforestation-and-enhance-forest-protection-looking-beyond.md) | -0.7% | -7.2% |

## Sources

- buenosairesherald.com: https://buenosairesherald.com/economics/uncertainty-over-government-decision-to-postpone-end-of-exchange-restrictions

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