# Argentina changes forex tactics amid pressure - BNamericas

> Argentina's central bank said it will intervene in the forex market even when the exchange rate is within its non-intervention band. The bank can now sell dollars below the 51.448 peso upper limit, and it can sell $250 million daily above that level, up from $150 million. The decision was approved unanimously by the monetary policy committee amid high inflation and political uncertainty ahead of October elections.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/59870-argentina-changes-forex-tactics-amid-pressure-bnamericas
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The central bank is tightening monetary policy to defend the peso, which can slow domestic inflation and limit farm-level currency gains. The policy shift signals more active currency management that could limit volatility for Argentine oilseed and grain exporters.

## Read by commodity

- USDARS: bearish ▼

## Sources

- bnamericas.com: https://www.bnamericas.com/en/features/argentina-changes-forex-tactics-amid-pressure

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