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BCRA Governor Guido Sandleris explained the September 1 measures aimed at protecting exchange rate stability and savers. He said Argentina's country risk had tripled and the exchange rate had risen nearly 30% since the primary election.
He stressed the need for political consensus on economic policy.
The central bank's explanation of the controls signals that currency intervention may continue, which affects the peso and the cost of Argentine exports. Policy uncertainty keeps export-sector pricing volatile.
bcra.gob.arRodino HernanSep 2, 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.
