# Argentina announces measures to boost foreign reserves | Buenos Aires Times

> Argentina announced measures to bolster reserves, including an official 340 peso per dollar rate for agricultural exports until August 31 and new import taxes. The informal peso rate weakened to 550 per dollar as the IMF talks continued.

- Date: 2023-07-25 · published 2023-07-25T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/35334-argentina-announces-measures-to-boost-foreign-reserves-buenos-aires-times
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A preferential export exchange rate encourages farmers to sell grain and oilseeds quickly, adding near-term export supply that pressures global soymeal and corn prices lower.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2023-03-31 | [Argentina debuts ‘Dollar Malbec’ to aid exports amid drought \| Buenos Aires Times](https://feedsoft.ai/events/37159-argentina-debuts-dollar-malbec-to-aid-exports-amid-drought-buenos-aires-times.md) | -0.7% | -3.8% |
| SBM | 2022-11-26 | [Argentina to brings back exchange rate that led to IMF exception \| Buenos Aires Times](https://feedsoft.ai/events/38950-argentina-to-brings-back-exchange-rate-that-led-to-imf-exception-buenos-aires.md) | +3.4% | +11.2% |
| SBM | 2022-08-12 | [Argentina asked crop exporters to bring US$1 billion next week \| Buenos Aires Times](https://feedsoft.ai/events/14015-argentina-asked-crop-exporters-to-bring-us-1-billion-next-week-buenos-aires.md) | -10.9% | -15.4% |
| SBM | 2023-12-14 | [Why Argentina's shock measures may be the best hope for its ailing economy \| AP News](https://feedsoft.ai/events/32999-why-argentina-s-shock-measures-may-be-the-best-hope-for-its-ailing-economy-ap.md) | -4.0% | -11.0% |
| SBM | 2022-12-05 | [Lowered taxes to boost Argentine soyabean meal and oil exports](https://feedsoft.ai/events/13993-lowered-taxes-to-boost-argentine-soyabean-meal-and-oil-exports.md) | +9.8% | +13.7% |
| CORN | 2023-07-25 | [Argentina introduces corn dollar exchange campaign to ramp up foreign reserve](https://feedsoft.ai/events/35337-argentina-introduces-corn-dollar-exchange-campaign-to-ramp-up-foreign-reserve.md) | -13.4% | -17.1% |
| CORN | 2022-08-12 | [Argentina asked crop exporters to bring US$1 billion next week \| Buenos Aires Times](https://feedsoft.ai/events/14015-argentina-asked-crop-exporters-to-bring-us-1-billion-next-week-buenos-aires.md) | -0.7% | -1.6% |
| CORN | 2023-12-14 | [Why Argentina's shock measures may be the best hope for its ailing economy \| AP News](https://feedsoft.ai/events/32999-why-argentina-s-shock-measures-may-be-the-best-hope-for-its-ailing-economy-ap.md) | +1.5% | +1.2% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-announces-measures-to-boost-foreign-reserves.phtml

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