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Argentina's government has added two more official US dollar exchange rates, bringing the total to 15. The new 'Qatar dollar' applies to heavy foreign card spending, and the 'Coldplay dollar' applies to event organizers, both effective from October 12.
More segmented exchange rates raise the cost of dollars for specific sectors and tighten reserve use, which can weigh on the peso and complicate Argentine export and import trade. The effect on grain and meal flows is indirect but persistent.
bloomberglinea.comTomás Carrió (ENOct 12, 2022Not 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.
