# Argentina to buy back $1 billion in foreign debt in signal to markets

> Argentina's economy minister Sergio Massa announced a buyback of over $1 billion in dollar-denominated sovereign bonds maturing in 2029 and 2030. The program starts immediately and aims to improve the debt profile and support market access despite low reserves.

- Date: 2023-01-18 · published 2023-01-18T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/38056-argentina-to-buy-back-1-billion-in-foreign-debt-in-signal-to-markets
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The buyback is a financial signal rather than a supply event, but it touches Argentina's FX stability and reserve pressure, which matter to the country's farm export capacity and peso-denominated producer incentives.

## Read by commodity

- USDARS: neutral

## Sources

- fxempire.com: https://www.fxempire.com/news/article/argentina-to-buy-back-1-billion-in-overseas-debt-economy-minister-says-1258380

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