# Argentine central bank “ready” to counter surprises ahead of this year's presidential election — MercoPress

> Argentina's central bank says it has enough dollar reserves to meet a surge in demand if uncertainty ahead of October's presidential election triggers another run on the peso. The bank has about US$14 billion available, including reserves that could be used for intervention. Investors returned to pesos this year after the currency stabilized following a 2018 collapse.

- Date: 2019-02-02 · published 2019-02-02T12:00:00.000Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/60886-argentine-central-bank-ready-to-counter-surprises-ahead-of-this-year-s
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Political risk could weaken the peso sharply before the election, which would lower Argentine export prices for soymeal and corn. Feed buyers should track election polling for possible currency volatility.

## Read by commodity

- USDARS: neutral

## Sources

- en.mercopress.com: https://en.mercopress.com/2019/02/02/argentine-central-bank-ready-to-counter-surprises-ahead-of-this-year-s-presidential-election

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