# Argentina's informal peso surges after IMF debt deal | Financial Post

> Argentine assets jumped after the government reached an agreement with the IMF to restructure about $40 billion of debt from a failed 2018 loan. The black market peso surged 6.2% and the Merval index rose nearly 3%, ahead of a $700 million payment due that Friday.

- Date: 2022-01-28 · published 2022-01-28T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/43423-argentina-s-informal-peso-surges-after-imf-debt-deal-financial-post
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A debt deal that eases default risk strengthens the peso and cuts pressure on Argentine import costs, which can ease the local price of imported feed inputs. The effect on world grain and meal prices is limited.

## Read by commodity

- USDARS: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/argentinas-informal-peso-surges-after-imf-debt-deal

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