# New monetary and foreign exchange policy framework | BCRA

> The Central Bank of Argentina (BCRA) published its new monetary and foreign exchange policy framework on December 12, setting out a transition away from current capital controls toward a unified exchange market. It also outlined a goal of fiscal balance in 2024 and correction of relative prices, including the official exchange rate of ARS 800 per dollar.

- Date: 2023-12-12 · published 2023-12-12T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/32996-new-monetary-and-foreign-exchange-policy-framework-bcra
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Removing capital controls and unifying the exchange rate changes the incentive for Argentine farmers to sell grain and oilseeds, which can shift export flows of soybean products, corn and wheat. Fiscal consolidation and a weaker peso also affect the cost base of Argentine crushers.

## Read by commodity

- SBM: neutral
- SBO: neutral
- CORN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-06-28 | [Argentina limits access to foreign exchange, blue dollar rates rise - DatamarNews](https://feedsoft.ai/events/41228-argentina-limits-access-to-foreign-exchange-blue-dollar-rates-rise-datamarnews.md) | +2.3% | +0.9% |
| 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 | 2018-12-10 | [Is the egg toast? \| Food and Environment Reporting Network](https://feedsoft.ai/events/61580-is-the-egg-toast-food-and-environment-reporting-network.md) | +0.1% | +2.7% |
| SBM | 2021-10-12 | [China: MARA Plan Aims to Manage Swine Sector and Scale \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/44518-china-mara-plan-aims-to-manage-swine-sector-and-scale-usda-foreign-agricultural.md) | +0.3% | +3.1% |
| SBO | 2024-02-14 | [Biofuel industry eyes huge new markets amid policy challenges \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15236-biofuel-industry-eyes-huge-new-markets-amid-policy-challenges-agri-pulse.md) | -4.1% | -2.0% |
| SBO | 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) | +2.3% | +4.3% |
| SBO | 2025-03-27 | [Trump administration tells oil and biofuels groups to hash out new biofuel policy \| Reuters](https://feedsoft.ai/events/15136-trump-administration-tells-oil-and-biofuels-groups-to-hash-out-new-biofuel.md) | +8.5% | +13.2% |

## Sources

- bcra.gob.ar: https://www.bcra.gob.ar/en/news/nuevo-marco-de-politica-monetaria-y-cambiaria/

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