# Argentina cenbank tightens FX market access

> Argentina's government authorized the central bank to restrict currency purchases, with a decree requiring major exporters to obtain central bank permission to access the FX market. The central bank had burned through nearly $1 billion in reserves since Wednesday.

- Date: 2019-08-31 · published 2019-08-31T12:00:00.000Z
- Category: policy · region Argentina · magnitude high
- Page: https://feedsoft.ai/events/57875-argentina-cenbank-tightens-fx-market-access
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Export-side FX controls can slow farmer and processor sales of soy products and meal, tightening Argentine export flows and potentially supporting world meal prices.

## Read by commodity

- SBM: bullish ▲
- USDARS: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 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) | -0.1% | -3.1% |
| SBM | 2021-04-26 | [Argentina's central bank blocks bankrupt soy giant from exchange markets \| Financial Post](https://feedsoft.ai/events/47433-argentina-s-central-bank-blocks-bankrupt-soy-giant-from-exchange-markets.md) | +1.2% | -4.4% |
| SBM | 2020-06-10 | [Argentina stirs up giant soy market with state takeover](https://feedsoft.ai/events/52447-argentina-stirs-up-giant-soy-market-with-state-takeover.md) | +0.3% | +1.6% |
| SBM | 2019-12-18 | [Argentina's black market peso tumbles on 'tourism tax' fears - LookOutPro](https://feedsoft.ai/events/55847-argentina-s-black-market-peso-tumbles-on-tourism-tax-fears-lookoutpro.md) | -0.2% | -0.6% |
| SBM | 2021-08-20 | [Lower tax, higher tech help corn displace soya as Argentina's top crop - Markets - Business Recorder](https://feedsoft.ai/events/45421-lower-tax-higher-tech-help-corn-displace-soya-as-argentina-s-top-crop-markets.md) | +1.2% | -1.6% |

## Sources

- english.alarabiya.net: https://english.alarabiya.net/business/economy/2019/09/01/Argentina-cenbank-tightens-FX-market-access

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