# Measures to safeguard exchange rate stability and savers | BCRA

> Argentina's central bank (BCRA) adopted Communication A 6770 to regulate foreign exchange flows, effective September 2, 2019. Exporters must convert dollar earnings into pesos within 15 business days for commodities, or 180 days after the shipping permit. Individuals may buy up to USD 10,000 a month, and individuals' withdrawals and foreign trade payments are unaffected.

- Date: 2019-09-01 · published 2019-09-01T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/57370-measures-to-safeguard-exchange-rate-stability-and-savers-bcra
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Mandatory conversion of export dollars changes how and when Argentine grain, meal and oil exporters receive and hold their earnings, which can affect selling pace and offered supplies. The rule adds policy uncertainty to Argentine export prices.

## Read by commodity

- SBM: neutral
- SOY: neutral
- USDARS: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2025-04-11 | [Beginning of stage 3 of the economic program with relaxation of currency restrictions and an exchange rate to float within a band \| BCRA](https://feedsoft.ai/events/25427-beginning-of-stage-3-of-the-economic-program-with-relaxation-of-currency.md) | -0.1% | -3.3% |
| SBM | 2023-12-12 | [New monetary and foreign exchange policy framework \| BCRA](https://feedsoft.ai/events/32996-new-monetary-and-foreign-exchange-policy-framework-bcra.md) | -3.3% | -11.7% |
| SBM | 2024-03-21 | [Dollar: market believes exchange rate unification will take time - Buenos Aires Herald](https://feedsoft.ai/events/31490-dollar-market-believes-exchange-rate-unification-will-take-time-buenos-aires.md) | -1.4% | -1.5% |
| SBM | 2022-06-28 | [Argentina limits access to foreign exchange, blue dollar rates rise - DatamarNews](https://feedsoft.ai/events/41228-argentina-limits-access-to-foreign-exchange-blue-dollar-rates-rise-datamarnews.md) | +2.3% | +0.9% |
| SBM | 2024-08-30 | ['Uncertainty' over government decision to postpone end of exchange restrictions - Buenos Aires Herald](https://feedsoft.ai/events/29080-uncertainty-over-government-decision-to-postpone-end-of-exchange-restrictions.md) | +3.0% | +4.7% |
| SOY | 2024-12-01 | [EU lawmakers seek change to deforestation law and approve delay](https://feedsoft.ai/events/27445-eu-lawmakers-seek-change-to-deforestation-law-and-approve-delay.md) | +0.4% | -0.8% |
| SOY | 2019-07-25 | [EU moves to tackle deforestation caused by chocolate and other products \| Environmental sustainability \| The Guardian](https://feedsoft.ai/events/58115-eu-moves-to-tackle-deforestation-caused-by-chocolate-and-other-products.md) | -3.0% | -3.4% |
| SOY | 2022-01-21 | [Comparing Recent Deforestation Measures  of the United States, European Union, and United Kingdom \| Steptoe](https://feedsoft.ai/events/43167-comparing-recent-deforestation-measures-of-the-united-states-european-union-and.md) | +1.6% | +11.7% |

## Sources

- bcra.gob.ar: https://www.bcra.gob.ar/en/news/measures-to-safeguard-exchange-rate-stability-and-savers/

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