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Argentina's 1,000-peso banknote is worth about US$5.40 at the official rate but only about US$2.65 at real market rates. Pressure is mounting for higher-denomination notes, and the CAC has called for 5,000-peso bills.
Inflation is close to 100% and the country owes US$40 billion to the IMF.
Currency dislocation and inflation erode Argentine purchasing power and farm-sector economics, a background factor for soybean and corn export pricing.
en.mercopress.comJan 26, 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.
