# Argentina goes all-in to cut record gap with parallel peso | Buenos Aires Times

> Argentina is combining orthodox and unusual measures to narrow a record gap between its official and parallel exchange rates. The gap has fallen to 87 percent from a 130 percent peak on October 22, helped by central bank sales of dollar bonds and pressure on traders.

- Date: 2020-11-12 · published 2020-11-12T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/50455-argentina-goes-all-in-to-cut-record-gap-with-parallel-peso-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Narrowing the parallel premium reduces the incentive for exporters to hold back grain and meal, which eases pressure on Argentine export supplies. The effect on world soymeal prices is modest but supports a steadier peso.

## Read by commodity

- USDARS: bearish ▼

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/argentina-goes-all-in-to-cut-record-gap-with-parallel-peso.phtml

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