# Argentine black market peso hits record low as gap to official FX tops 50% | Reuters

> Argentina's black market peso fell 5.6% on Wednesday to a record low of 1,250 per dollar, pushing its gap to the official rate above 50%. The official rate near 819 is held in place by strict capital controls. A move letting importers settle Bopreal bond payments through parallel markets added pressure.

- Date: 2024-01-17 · published 2024-01-17T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/32419-argentine-black-market-peso-hits-record-low-as-gap-to-official-fx-tops-50
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Currency stress in Argentina, a major soymeal and soyoil exporter, can shift export pricing and farmer selling behavior, which feeds into global meal and oil price expectations.

## Read by commodity

- USDARS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/argentine-black-market-peso-hits-record-low-gap-official-rate-climbs-above-50-2024-01-17/

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