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Argentina's central bank chief announced a 35% tax on retail dollar purchases on top of an existing 30% solidarity tax, including on card purchases. Companies with more than $1 million a month in dollar debt maturities must present restructuring plans.
The bank also lengthened the minimum holding period on dollar assets received from abroad.
The measures aim to conserve reserves and curb dollar demand, which can weaken the peso and complicate Argentine exporters' finances. Persistent currency stress can affect the peso-denominated cost and export competitiveness of Argentine soy and corn.
batimes.com.arJames GraingerSep 16, 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.
