# Argentine central bank cuts dollar purchase limit sharply as forex reserves tumble

> The Argentine central bank cut its monthly dollar purchase limit sharply to US$200 per month via bank account and US$100 in cash, through December. The move follows a fall in forex reserves and replaces the earlier US$10,000 restriction imposed in September.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/56858-argentine-central-bank-cuts-dollar-purchase-limit-sharply-as-forex-reserves
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Sharply tighter dollar access reflects reserve stress and currency controls that can slow trade payments and disrupt Argentine feed and oilseed export flows.

## Read by commodity

- USDARS: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-argentina-cenbank/argentine-central-bank-cuts-dollar-purchase-limit-sharply-as-forex-reserves-tumble-idUSKBN1X708U/

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