# Argentina to brings back exchange rate that led to IMF exception | Buenos Aires Times

> Argentina is reviving a temporary 'soy dollar' exchange rate of 230 pesos per dollar for soy exporters, valid from Monday until December 30, versus the official rate of 166. The measure follows a similar September scheme that boosted soy exports to about US$8 billion but breached Argentina's IMF program conditions.

- Date: 2022-11-26 · published 2022-11-26T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/38950-argentina-to-brings-back-exchange-rate-that-led-to-imf-exception-buenos-aires
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A more lucrative exchange rate for exporters should accelerate soybean and meal shipments from Argentina, adding supply to the export market and pressuring soy product prices, while the policy also signals currency-practice risk.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-08-12 | [Argentina asked crop exporters to bring US$1 billion next week \| Buenos Aires Times](https://feedsoft.ai/events/14015-argentina-asked-crop-exporters-to-bring-us-1-billion-next-week-buenos-aires.md) | -10.9% | -15.4% |
| SBM | 2023-03-31 | [Argentina debuts ‘Dollar Malbec’ to aid exports amid drought \| Buenos Aires Times](https://feedsoft.ai/events/37159-argentina-debuts-dollar-malbec-to-aid-exports-amid-drought-buenos-aires-times.md) | -0.7% | -3.8% |
| SBM | 2023-07-25 | [Argentina announces measures to boost foreign reserves \| Buenos Aires Times](https://feedsoft.ai/events/35334-argentina-announces-measures-to-boost-foreign-reserves-buenos-aires-times.md) | +0.7% | -7.7% |
| SBM | 2018-09-27 | [EM crisis: IMF boosts lending to Argentina to halt peso slide](https://feedsoft.ai/events/63334-em-crisis-imf-boosts-lending-to-argentina-to-halt-peso-slide.md) | -0.1% | -0.5% |
| SBM | 2024-03-25 | [Argentina FX change, return of tax to spur exports \| Latest Market News](https://feedsoft.ai/events/13931-argentina-fx-change-return-of-tax-to-spur-exports-latest-market-news.md) | -2.4% | +1.0% |
| SOY | 2022-08-12 | [Argentina asked crop exporters to bring US$1 billion next week \| Buenos Aires Times](https://feedsoft.ai/events/14015-argentina-asked-crop-exporters-to-bring-us-1-billion-next-week-buenos-aires.md) | -12.5% | -12.9% |
| SOY | 2024-03-25 | [Argentina FX change, return of tax to spur exports \| Latest Market News](https://feedsoft.ai/events/13931-argentina-fx-change-return-of-tax-to-spur-exports-latest-market-news.md) | -0.6% | -2.6% |
| SOY | 2018-11-03 | [Agri-business boom lifts economy, amid tax ire \| Buenos Aires Times](https://feedsoft.ai/events/61888-agri-business-boom-lifts-economy-amid-tax-ire-buenos-aires-times.md) | 0.0% | +3.5% |

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-to-brings-back-exchange-rate-that-led-to-imf-exception.phtml

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