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The BCRA and other government agencies announced measures to allocate foreign currency more efficiently, including a 35% advance tax collection on foreign-asset purchases and card spending in foreign currency. The measures keep the $200 monthly quota, cap nothing on card spending, and prioritize pre-financing of exports for SMEs.
Export pre-financing support could encourage Argentine grain and oilseed sales, but the tax and quota changes reduce farmers' and households' access to dollars. The net effect on export flows and prices is uncertain.
bcra.gob.arNocito DoloresSep 15, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
