# Argentina abandons free float as peso crisis continues - Central Banking

> Argentina's central bank largely abandoned its non-intervention policy on April 29, though it said it remains committed to the flexible exchange-rate regime agreed with the IMF. The peso had fallen more than 9% against the dollar between April 18 and April 29 as investors questioned reform progress. The report describes the policy change as a shift in how the central bank manages the currency.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/59871-argentina-abandons-free-float-as-peso-crisis-continues-central-banking
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Active central bank management reduces the chance of a sudden peso collapse, which supports Argentine exporters' ability to keep selling soymeal and corn at predictable prices. The commodity price effect is small.

## Read by commodity

- USDARS: bearish ▼

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/operating-framework/4175916/argentina-abandons-free-float-as-peso-crisis-continues

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