# Central Bank sells dollars for first time since October 27 election | Buenos Aires Times

> The Central Bank of Argentina was a net seller of dollars last week for the first time since the October 27 presidential election, selling about US$120 million as the peso weakened below 60 per dollar. Despite the intervention, the peso fell 0.32 percent to around 60 per greenback. The government also formalised appointments to the central bank board, subject to Senate approval.

- Date: 2020-01-21 · published 2020-01-21T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/55349-central-bank-sells-dollars-for-first-time-since-october-27-election-buenos
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Central bank dollar sales signal official efforts to stem peso depreciation under strict currency controls, which can affect Argentine feed and oilseed export pricing and farmer selling incentives.

## Read by commodity

- USDARS: bearish ▼

## Sources

- batimes.com.ar: https://www.batimes.com.ar/news/economy/central-bank-sells-dollars-for-first-time-since-october-27-election.phtml

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