# Argentine reserves drip out even as government tightens controls - Financial Post

> Argentina's central bank foreign currency reserves fell almost $1 billion in May to $42.6 billion, the lowest since early 2017, despite tighter controls on dollar access. Private citizens can now buy only $200 per month on the official market and pay a steep tax.

- Date: 2020-06-04 · published 2020-06-04T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/52874-argentine-reserves-drip-out-even-as-government-tightens-controls-financial-post
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Weak reserves and capital controls strain Argentina's import capacity and peso, which can affect its feed and oilseed export flows and crush margins for soymeal and soyoil.

## Read by commodity

- USDARS: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/press-releases/argentine-reserves-drip-out-even-as-government-tightens-controls-2/

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