# Argentina's black market peso tumbles on 'tourism tax' fears - LookOutPro

> Argentina's black market peso fell about 8% against the dollar after a senior official flagged the return of a tourism tax on dollar spending, which could reach 30%. The move comes alongside higher export taxes on farm products under new President Alberto Fernandez.

- Date: 2019-12-18 · published 2019-12-18T12:00:00.000Z
- Category: policy · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/55847-argentina-s-black-market-peso-tumbles-on-tourism-tax-fears-lookoutpro
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Higher export taxes can slow farmer sales of soy products, tightening Argentine meal and oil export flows. A weaker peso also raises the local cost of Argentine exports, which can shift global meal pricing.

## Read by commodity

- SBM: bullish ▲
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-02-03 | [Argentina’s meal market remains slow despite export tax cut](https://feedsoft.ai/events/13880-argentina-s-meal-market-remains-slow-despite-export-tax-cut.md) | -0.1% | -3.1% |
| SBM | 2021-08-20 | [Lower tax, higher tech help corn displace soya as Argentina's top crop - Markets - Business Recorder](https://feedsoft.ai/events/45421-lower-tax-higher-tech-help-corn-displace-soya-as-argentina-s-top-crop-markets.md) | +1.2% | -1.6% |
| SBM | 2020-06-10 | [Argentina stirs up giant soy market with state takeover](https://feedsoft.ai/events/52447-argentina-stirs-up-giant-soy-market-with-state-takeover.md) | +0.3% | +1.6% |
| SBM | 2019-08-31 | [Argentina cenbank tightens FX market access](https://feedsoft.ai/events/57875-argentina-cenbank-tightens-fx-market-access.md) | -0.3% | +2.3% |
| SBM | 2021-03-02 | [Pres. Fernandez pledges support to Argentina meals, oils exports - Fastmarkets](https://feedsoft.ai/events/47975-pres-fernandez-pledges-support-to-argentina-meals-oils-exports-fastmarkets.md) | -1.5% | -6.4% |

## Sources

- lookoutpro.com: https://www.lookoutpro.com/en/argentinas-black-market-peso-tumbles-on-tourism-tax-fears/

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