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Argentina will return to a 'tourist dollar' policy that charges a surcharge on foreign-currency transactions over the official rate. The measure is aimed at protecting dwindling international reserves, according to Cabinet chief Santiago Cafiero.
The surcharge tightens access to dollars for Argentine buyers and farmers, which can slow import demand and make the peso's official rate less reliable. Its effect on farm exports is indirect and mainly depends on how the broader export tax and currency policy develops.
bloomberg.comOscar MedinaDec 14, 2019Not 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.
