# Argentina’s currency controls: Tough lessons and tough decisions | Business and Economy | Al Jazeera

> Argentina's central bank imposed curbs on how many dollars Argentines can buy through peso accounts after Mauricio Macri lost reelection. These currency controls are expected to remain when Alberto Fernández takes office on December 10. Lifting them is a major challenge for the incoming government.

- Date: 2019-11-29 · published 2019-11-29T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/56334-argentina-s-currency-controls-tough-lessons-and-tough-decisions-business-and
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Currency controls affect Argentine farmer selling incentives and export flows of soymeal and corn, so persistent restrictions can keep Argentine supplies tight or disrupt export pacing.

## Read by commodity

- SBM: neutral
- CORN: neutral
- USDARS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2022-10-19 | [In Argentina, controls spawn soybean and 'Netflix' currency rates \| Reuters](https://feedsoft.ai/events/14002-in-argentina-controls-spawn-soybean-and-netflix-currency-rates-reuters.md) | +3.0% | +1.2% |
| SBM | 2025-12-15 | [ARS/USD: Argentina to Loosen Its Currency Policy and Build Reserves - Bloomberg](https://feedsoft.ai/events/21798-ars-usd-argentina-to-loosen-its-currency-policy-and-build-reserves-bloomberg.md) | -0.7% | -3.4% |
| SBM | 2024-04-11 | [BCRA's actions in view of the development of the economic context and liquidity conditions \| BCRA](https://feedsoft.ai/events/31026-bcra-and-apos-s-actions-in-view-of-the-development-of-the-economic-context-and.md) | +2.5% | +12.3% |
| SBM | 2023-10-30 | [Let’s Talk About Soybeans and the Argentine Election \| CZ app](https://feedsoft.ai/events/33692-let-s-talk-about-soybeans-and-the-argentine-election-cz-app.md) | +0.4% | +4.9% |
| SBM | 2023-11-15 | [Argentina restarts 'crawling peg' to let currency weaken for first time since August \| Reuters](https://feedsoft.ai/events/33460-argentina-restarts-crawling-peg-to-let-currency-weaken-for-first-time-since.md) | -2.1% | -9.7% |
| CORN | 2025-04-14 | [Argentina farmers focus on harvest over sales despite currency boost](https://feedsoft.ai/events/13864-argentina-farmers-focus-on-harvest-over-sales-despite-currency-boost.md) | +1.1% | -5.2% |
| CORN | 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) | +0.6% | -3.9% |
| CORN | 2022-02-21 | [EU: Member states call for delay of EU anti-deforestation law - Business and Human Rights Centre](https://feedsoft.ai/events/42740-eu-member-states-call-for-delay-of-eu-anti-deforestation-law-business-and-human.md) | +2.1% | +15.0% |

## Sources

- aljazeera.com: https://www.aljazeera.com/economy/2019/11/29/argentinas-currency-controls-tough-lessons-and-tough-decisions

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