# Can Argentina really move from the peso to the dollar? - BBC Money

> Javier Milei won Argentina's presidential election with nearly 56% of the vote and pledged drastic reforms, including a possible move from the peso to the US dollar. Financial markets welcomed the result, with Argentine ADRs and dollar bonds rallying.

- Date: 2023-11-27 · published 2023-11-27T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/33461-can-argentina-really-move-from-the-peso-to-the-dollar-bbc-money
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A plan to dollarize and cut state spending would reshape Argentina's currency and export incentives over the long term, a key factor for South American soymeal and corn export pricing.

## Read by commodity

- SBM: neutral
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-04-25 | [Argentina vows to battle peso slide towards 500 per dollar in black market By Reuters](https://feedsoft.ai/events/36675-argentina-vows-to-battle-peso-slide-towards-500-per-dollar-in-black-market-by.md) | -1.7% | -6.7% |
| SBM | 2026-10-23 | [Risks to peso as Argentine elections loom](https://feedsoft.ai/events/17347-risks-to-peso-as-argentine-elections-loom.md) | -3.9% | — |
| 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 | 2023-09-08 | [Argentina: Soybean exporters will have access to dollars for industrial production](https://feedsoft.ai/events/13954-argentina-soybean-exporters-will-have-access-to-dollars-for-industrial.md) | -0.2% | -6.8% |
| SBM | 2017-09-28 | [Argentina's Macri forces dock workers to agree to competitive bidding](https://feedsoft.ai/events/68945-argentina-s-macri-forces-dock-workers-to-agree-to-competitive-bidding.md) | -0.6% | +2.1% |

## Sources

- bbcmoney.com: https://bbcmoney.com/archives/3338

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