# Argentina's dollars leak away (again) as IMF talks near end-zone

> Argentina's government, after losing midterm elections, has been spending dollars from reserves to support the peso amid high inflation. Savers are moving funds outside the banking system despite capital controls. Talks with the IMF are reported to be nearing their final stage.

- Date: 2021-12-23 · published 2021-12-23T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/43886-argentina-s-dollars-leak-away-again-as-imf-talks-near-end-zone
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Reserve depletion and capital flight raise the risk of a sharp peso devaluation, which would make Argentine soymeal and grain exports cheaper and could pressure world meal prices. An IMF deal would be a key signal for the currency outlook.

## Read by commodity

- USDARS: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/us/argentinas-dollars-leak-away-again-imf-talks-near-end-zone-2021-12-23/

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