# Fernandez defends new currency controls as blue dollar soars | Buenos Aires Times

> President Alberto Fernández defended the new currency restrictions, saying dollars are needed to produce rather than to save. Critics including business groups and economists warned the rules would hurt small savers, companies and the recovery. The unofficial blue dollar closed the week above 140 pesos per dollar.

- Date: 2020-09-19 · published 2020-09-19T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/51404-fernandez-defends-new-currency-controls-as-blue-dollar-soars-buenos-aires-times
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Continued political backing for controls signals that restrictions on dollar access may persist, keeping Argentine peso and export-related flows under pressure. This is a follow-up reaction rather than a new policy change.

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/fernandez-defends-new-currency-controls-as-blue-dollar-soars.phtml

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