# Government launches new ‘Vaca Muerta’ dollar exchange rate - Buenos Aires Herald

> Massa launched a 'Vaca Muerta' dollar scheme allowing hydrocarbon companies to liquidate 25% of exports at the blue-chip rate, which closed at AR$778 per dollar on the announcement day. The official single market rate remains at AR$350. The measure is intended to boost oil and gas investment and avoid a run on the peso during the election period, a few days after the soybean exporter benefit was set to end.

- Date: 2023-09-27 · published 2023-09-27T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/34413-government-launches-new-vaca-muerta-dollar-exchange-rate-buenos-aires-herald
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The scheme adds another channel for converting dollars at a premium rate, which can ease near-term dollar scarcity but signals ongoing multiple exchange rates that weigh on the peso.

## Read by commodity

- USDARS: bearish ▼

## Sources

- buenosairesherald.com: https://buenosairesherald.com/business/government-launces-new-vaca-muerta-dollar-exchange-rate

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