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Government of President Alberto Fernandez announced a 30% levy on foreign-currency purchases to protect vulnerable sectors, drawing protests from middle-class Argentines. The measure is scheduled for debate in the lower house of Congress.
Capital controls and dollar taxes weaken Argentina's economic stability and can push farmers to hold or sell crops differently depending on currency conditions. This adds uncertainty to Argentine export supply and to the peso's value against the dollar.
batimes.com.arEugenia IglesiasDec 21, 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.
