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

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.

Tags: soybean, Argentina, shortages, soy dollar, special exchange rate, pesos per dollar, exports, program