# Argentine Peso gains strength as IMF agrees to more central bank flexibility — MercoPress

> Argentina's peso strengthened on April 29 after the central bank eased limits on its foreign-exchange interventions. The currency closed 3.56% stronger at 44.37 per dollar. The IMF publicly backed the measures, which allow sales of dollars below the 51.448 peso threshold that the standby deal had previously barred.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/59869-argentine-peso-gains-strength-as-imf-agrees-to-more-central-bank-flexibility
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

IMF backing reduces the risk of a disorderly peso collapse, which supports stability for Argentina's agricultural exporters. Stable exchange rates help keep Argentine soymeal and corn export pricing steady for importers.

## Read by commodity

- USDARS: bearish ▼

## Sources

- en.mercopress.com: https://en.mercopress.com/2019/04/30/argentine-peso-gains-strength-as-imf-agrees-to-more-central-bank-flexibility

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