# Coldplay and Qatar dollars: Argentina devalues its currency by sectors  | Economy and Business | EL PAÍS English

> Argentina has set more than a dozen exchange rates, including a 200 peso per dollar 'soy dollar' for soybean exports introduced in September. The central bank is restricting dollar purchases to devalue the peso by economic sector while protecting reserves.

- Date: 2022-10-13 · published 2022-10-13T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/39441-coldplay-and-qatar-dollars-argentina-devalues-its-currency-by-sectors-economy
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The soy dollar sets a preferential rate for oilseed exporters, which shapes how quickly Argentine soybeans and meal reach world markets. Sector-based devaluation adds uncertainty to Argentine export pricing.

## Read by commodity

- USDARS: bullish ▲

## Sources

- english.elpais.com: https://english.elpais.com/economy-and-business/2022-10-13/coldplay-and-qatar-dollars-argentina-devalues-its-currency-by-sectors.html

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