# Argentine Peso (ARS USD) Quotes and News: Currency Meltdown Upends Business - Bloomberg

> Argentina's currency controls, including taxes on dollar purchases and forced restructuring of dollar-denominated corporate debt, have failed to lift international reserves. The gap between the official and black-market exchange rates has widened to its largest since 1989. Some analysts warn a large devaluation may be coming despite the president's public opposition.

- Date: 2020-10-23 · published 2020-10-23T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/50906-argentine-peso-ars-usd-quotes-and-news-currency-meltdown-upends-business
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

A widening peso gap and possible devaluation affect Argentine farmers' willingness to sell soy and corn and the cost of its exports, which can shift export availability for soymeal and soyoil.

## Read by commodity

- USDARS: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-10-23/nobody-wants-pesos-argentine-currency-meltdown-upends-business

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