# Argentine peso, bonds whiplashed after capital controls imposed

> Argentine bond prices hit record lows on Monday after the country imposed capital controls to stem a currency rout. The official peso closed 0.88% stronger, while the black-market rate weakened 0.79% to 63.5 per dollar. The gap between the two rates pointed to a loss of trust in the official price.

- Date: 2019-09-02 · published 2019-09-02T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/57369-argentine-peso-bonds-whiplashed-after-capital-controls-imposed
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The split between official and black-market rates signals that the controls are not restoring confidence, which keeps Argentine export and farm-sector flows uncertain. Default risk and currency instability raise the cost of Argentine supply.

## Read by commodity

- USDARS: neutral

## Sources

- reuters.com: https://www.reuters.com/article/us-argentina-economy/argentine-markets-take-another-hit-after-currency-controls-stoke-uncertainty-idUSKCN1VN0YI/?feedName=businessNews&feedType=RSS

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