# Argentine central bank freezes banks’ FX purchases - Central Banking

> The central bank ordered financial institutions on November 4 to hold their foreign currency positions at or below October averages through the end of November. The order came amid a falling peso, IMF talks and mid-term elections.

- Date: 2021-11-08 · published 2021-11-08T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/44328-argentine-central-bank-freezes-banks-fx-purchases-central-banking
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Limiting bank FX purchases reduces dollar availability for importers, which can slow Argentine purchases of feed ingredients and imported inputs.

## Read by commodity

- USDARS: bearish ▼

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/reserves/foreign-exchange/7895246/argentine-central-bank-freezes-banks-fx-purchases

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