# Argentina currency crackdown dims investor hopes of economic rebound | Financial Post

> Argentina's central bank tightened foreign-currency purchase rules, adding a 35% tax on individuals who use their $200 monthly dollar quota and including card payments abroad. It also limited corporate access to foreign currency. The move triggered a selloff in Argentine bonds and stocks and pushed unofficial dollar prices higher.

- Date: 2020-09-17 · published 2020-09-17T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/51402-argentina-currency-crackdown-dims-investor-hopes-of-economic-rebound-financial
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Tighter capital controls and a weaker peso raise economic and currency risk in Argentina, a major grain and oilseed exporter. That can disrupt export-related dollar flows and farmer selling, adding volatility to Argentine soy and corn exports.

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/argentina-currency-crackdown-dims-investor-hopes-of-economic-rebound

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