# Argentina: Which peso are we talking about anyway? - Euromoney

> Commentary notes that Argentina has around 30 different official and unofficial dollar exchange rates, following reports that the government was considering a currency merger with Brazil. The piece argues that multiple rates act as a hidden tax and that a currency union is impractical without monetary and fiscal discipline.

- Date: 2023-02-06 · published 2023-02-06T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/37598-argentina-which-peso-are-we-talking-about-anyway-euromoney
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Multiple exchange rates encourage farmers to hold or delay sales of soybeans and corn, which can tighten export supply and support meal prices. A currency reform would change that export incentive.

## Sources

- euromoney.com: https://www.euromoney.com/article/2b8v3mfazu4hb56vtbmkg/opinion/argentina-which-peso-are-we-talking-about-anyway/

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