Loading…
Argentina's Economy Minister Sergio Massa announced that oil and gas exporters can convert 25% of their export earnings at the alternative CCL rate. The CCL rate offers about 763 pesos per dollar, more than double the official rate of around 350.
The parallel market was offering about 758 pesos per dollar.
The measure gives exporters a better effective rate for part of their dollars, which supports peso liquidity and signals further exchange-rate management ahead of the election.
reuters.comWalter Bianchi, Eliana RaszewskiSep 27, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
