# When nobody wants pesos: currency meltdown upends business | Buenos Aires Times

> Argentina's currency crisis is disrupting household finances and business operations, with parallel exchange rates making it hard for local firms to plan. Controls on the peso and money printing are adding to pandemic-era recession and high inflation. Analysts say the government has not yet adopted policies that would make the peso credible.

- Date: 2020-10-24 · published 2020-10-24T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/50908-when-nobody-wants-pesos-currency-meltdown-upends-business-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Persistent currency instability keeps Argentine exporters uncertain about selling grain and oilseeds, which can tighten or disrupt export flows for soy products.

## Read by commodity

- USDARS: bullish ▲

## Sources

- batimes.com.ar: https://batimes.com.ar/news/economy/when-nobody-wants-pesos-currency-meltdown-upends-business.phtml

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