# Exclusive: Argentina's Guzman has no plans for 'one shot' fix to peso's problems

> Argentina's Economy Minister Martin Guzman told Reuters the currency crisis will not be fixed with a one-shot devaluation, signaling a continued slow peso decline. The gap between official and black-market dollar rates is around 78%, after nearly 150% in late October.

- Date: 2020-12-11 · published 2020-12-11T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/49925-exclusive-argentina-s-guzman-has-no-plans-for-one-shot-fix-to-peso-s-problems
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A gradual peso slide keeps Argentine export pricing and farmer selling uncertain, which can affect the flow of soymeal, soyoil and grain exports and the price competitiveness of Argentine supply.

## Read by commodity

- USDARS: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/argentina-economy-guzman-exclusive-idUSKBN28L1R4/

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