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Andorra , Thursday 16 April 2026

Argentina Creates New Foreign Exchange Rate for Soy Exports

Published on: Sunday 04 September 2022

Argentina Creates New Foreign Exchange Rate for Soy Exports (Bloomberg) -- Argentine Economy Minister Sergio Massa announced Sunday a special exchange rate for the country’s soy producers in a bid to incentivize exports, shore up central bank reserves and avoid a currency devaluation. Exporters of soy, the country’s top commodity, will be able to sell dollars from their shipments abroad at a rate of 200 pesos per dollar, more lucrative than the official rate of 139 per dollar, not including taxes. This measure “allows us to strengthen reserves, which is


News source: https://finance.yahoo.com/news/argentina-creates-foreign-exchange-rate-001239224.html

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