# ARS/USD: Argentine Peso Slump Against Dollar Means Tourists Paying With Cash - Bloomberg

> The Argentine peso has fallen sharply in parallel markets, and the largest banknote is now worth less than $4. A gap between the official rate and several parallel rates is pushing tourists and locals with dollars to trade cash on the black market.

- Date: 2022-10-27 · published 2022-10-27T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/39437-ars-usd-argentine-peso-slump-against-dollar-means-tourists-paying-with-cash
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A widening gap between official and parallel peso rates signals continued currency stress and capital controls in Argentina, a major soybean and meal exporter. That can shift export pricing and farmer selling behavior.

## Read by commodity

- USDARS: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-10-27/tourists-pay-with-wads-of-cash-as-argentina-inflation-nears-100

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