Loading…
Argentina has introduced a preferential exchange rate for foreign bank card holders, so international visitors can convert dollars into pesos at better terms than locals. Argentines receive a much weaker rate for the same amount.
The measure is part of the government's effort to attract dollars amid inflation and peso devaluation.
The dual exchange-rate system reflects ongoing dollar scarcity that can disrupt import and export payments for agricultural trade. It has limited direct effect on feed commodity prices.
restofworld.orgLucía Cholakian Herrera, Daniela DibJun 12, 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.
