Argentina’s currency market is being flooded with dollars from grain purchases, prompting calls for the government to start rebuilding its stock of hard-currency reserves after selling more than $1 billion last week.
Exporters rushed to take advantage of a temporary tax break announced Monday by President Javier Milei’s administration and a foreign-exchange rate that became even more favorable after forceful pledges of US support for his economic agenda.
By Wednesday evening, the tax agency said the $7 billion cap set by the government had been reached. To benefit from the tax relief, 90% of those dollars have to be ...
