# Dollar-strapped Argentina to loosen foreign exchange rules for tourists

> Argentina will allow foreign tourists to exchange dollars at a significantly higher rate than the official rate previously available. The move comes as dollars trade at more than twice the official peso value on the black market.

- Date: 2022-07-21 · published 2022-07-21T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/40768-dollar-strapped-argentina-to-loosen-foreign-exchange-rules-for-tourists
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A more generous tourist rate eases pressure on the parallel market and may weaken the official peso further. For feed buyers, Argentine currency moves affect the cost of exported grain and meal from a major supplier.

## Read by commodity

- USDARS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/us/dollar-strapped-argentina-loosen-foreign-exchange-rules-tourists-2022-07-21/

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