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Argentina's Central Bank will let foreign tourists open bimonetary savings accounts and exchange dollars at a rate near the MEP market, about 180 pesos per dollar, instead of the official rate of about 100. Tourists must have a bank account in their home country to transfer foreign currency.
The measure is intended to bring tourist dollars into the formal market as borders reopen.
The scheme is a limited policy adjustment that narrows the gap between official and parallel rates for a small group of visitors. It has little direct effect on feed commodity supply, so the price impact is modest.
en.mercopress.comOct 29, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
