Argentine government scraps all grain export withholdings
The Argentine government will eliminate all withholdings on grain exports until the end of October to encourage a greater influx of dollars, announced presidential spokesman Manuel Adorni.
“To generate a greater supply of dollars until October 31, there will be zero withholdings on all types of grains,” he wrote on X.
In recent days, due to a sharp weakening of the peso, the Central Bank has been forced to sell over $1 billion from its reserves to stabilize the exchange rate. This, in turn, has raised concerns among experts about Argentina’s ability to make debt payments to the IMF and other creditors.
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