# Argentina tightens capital controls ahead of midterm elections | Buenos Aires Times

> 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.

- Date: 2021-08-13 · published 2021-08-13T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/45836-argentina-tightens-capital-controls-ahead-of-midterm-elections-buenos-aires
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

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.

## Read by commodity

- USDARS: neutral

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-tightens-capital-controls-ahead-of-midterm-elections.phtml

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