Argentina to offer preferential 'soy dollar' for exports at 300 pesos per dollar

Kitco Media
By Reuters
Published:
Updated:
Reuters
BUENOS AIRES, April 5 (Reuters) - Argentina's government on Wednesday announced a new plan setting a special exchange rate of 300 pesos per dollar to encourage soybean exports amid severe financial difficulties and foreign exchange shortages. Economy Minister Sergio Massa also said the program, known locally as the "soy dollar," will cover small farmers in regional economies. (Reporting by Nicolas Misculin; Editing by Isabel Woodford)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.