Argentine minister announces new dollar rate for winemakers

New bid to help exporters and build reserves after success of soy dollar

The Central Bank of Argentina
The Central Bank of Argentina
Photo: Javier Pierini

Argentina’s economy minister, Sergio Massa, told the country’s winemakers’ association he would provide a favourable exchange rate for them, as the Central Bank of Argentina (BCRA) looks to bolster its reserves.

The move builds on the “soy dollar” initiative last year, which offered a premium rate for dollars earned by soy exporters. The first soy dollar programme attracted $5 billion to the BCRA’s reserves.

Speaking on March 4, Massa said the measure would help winemakers improve their

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account