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Argentina's Central Bank tightened capital controls on blue-chip swap operations, which let investors buy pesos and sell assets abroad for dollars. The measures target money laundering and tax evasion.
The gap between official and parallel exchange rates has continued to widen ahead of November midterm elections.
Tighter controls signal continued currency stress in Argentina, which can affect exporter selling behavior and the peso cost of Argentine soymeal and corn exports ahead of the harvest.
batimes.com.arJames GraingerAug 13, 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.
