# Argentina to sell dollars on parallel market as part of anti-inflation drive

> Argentina's central bank will start selling US dollars in parallel FX markets from Monday to offset peso issuance from official dollar purchases. The government said the move is meant to combat inflation and freeze the money supply. The official rate stood at 919.5 pesos per dollar, while the CCL rate was about 1,416.

- Date: 2024-07-13 · published 2024-07-13T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/29582-argentina-to-sell-dollars-on-parallel-market-as-part-of-anti-inflation-drive
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The policy is aimed at stabilising the peso and reducing the parallel rate premium, which can affect Argentine export incentives for soymeal and corn. The price impact on feed markets is limited but could shift Argentine farmer selling behaviour.

## Read by commodity

- USDARS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/americas/argentina-halts-monetary-base-expansion-lower-inflation-says-minister-2024-07-13/

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