# Luis Caputo again rules out devaluation but keeps a dollar rate as reference

> Argentina's Economy Minister Luis Caputo told UIA industrialists that the exchange rate is a minor factor in business competitiveness and that the main problem is high financing costs. He said SMEs borrow at 70% to 90% while market rates are about 23% to 25%. The official market rate is near 1,550 pesos per dollar, while the band ceiling could reach about 1,989 this month.

- Date: 2026-11-04 · published 2026-11-04T18:10:39.040Z
- Category: macro · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/80112-luis-caputo-again-rules-out-devaluation-but-keeps-a-dollar-rate-as-reference
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Official policy against devaluation keeps the peso stable against the dollar, which limits the import-cost shock for Argentine feed and grain inputs. Financing costs remain the main pressure on the agricultural and feed-processing sector.

## Read by commodity

- USDARS: neutral

## Sources

- ambito.com: https://www.ambito.com/economia/luis-caputo-volvio-descartar-una-devaluacion-pero-tiene-un-valor-del-dolar-como-referencia-n6341442

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