# BCRA vs. the Argentine peso: what next? | Capital Economics

> Argentina's central bank (BCRA) is running out of foreign exchange reserves needed to support the peso and may soon devalue the currency. Analysts say avoiding a disorderly adjustment would likely require a monetary policy overhaul, probably tied to a new IMF agreement.

- Date: 2020-11-19 · published 2020-11-19T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/50454-bcra-vs-the-argentine-peso-what-next-capital-economics
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A likely devaluation would push up the peso cost of dollar terms and could encourage farmers to hold or sell crops differently. Currency-driven shifts in Argentine export pricing can move soymeal and soyoil offers in global markets.

## Read by commodity

- USDARS: bullish ▲

## Sources

- capitaleconomics.com: https://www.capitaleconomics.com/clients/publications/latin-america-economics/latin-america-update/bcra-vs-the-argentine-peso-what-next

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