# Dollars are so scarce in Argentina that yuan use is at a record | Buenos Aires Times

> Dollar shortages in Argentina have pushed companies to use the Chinese yuan for trade payments, with yuan's share of forex transactions reaching a record 28% this month. Whirlpool is reportedly considering paying for parts for a new factory in yuan. The shift is tied to inflation, crop failures and the central bank's depleted dollar reserves.

- Date: 2023-06-26 · published 2023-06-26T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/35776-dollars-are-so-scarce-in-argentina-that-yuan-use-is-at-a-record-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Argentina's grain and oilseed exporters rely on dollar flows, so tighter dollar supply can slow crush and export financing and weigh on the peso. Feed buyers may see less reliable Argentine export pricing and more currency-driven volatility.

## Read by commodity

- USDARS: bullish ▲

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/dollars-are-so-scarce-in-argentina-that-yuan-use-is-at-a-record.phtml

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