# Argentina: Request for Stand-By Arrangement – Supplementary Information, Supplementary Letter of Intent, and Amendment to the Technical Memorandum of Understanding in: IMF Staff Country Reports Volume 2018 Issue 219 (2018)

> The IMF published supplementary information to Argentina's Stand-By Arrangement request, noting the introduction of a multiple-price FX auction open to all domestic banks for no more than 12 months. The supplement states the information does not alter the staff appraisal.

- Date: 2018-07-13 · published 2018-07-13T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/64304-argentina-request-for-stand-by-arrangement-supplementary-information
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

The FX auction changes how Argentina's peso is priced, which can affect export margins for soymeal and corn sellers. The effect on grain prices is modest and mostly through exchange rate expectations.

## Read by commodity

- USDARS: neutral

## Sources

- elibrary.imf.org: https://www.elibrary.imf.org/view/journals/002/2018/219/article-A003-en.xml

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