July 29, 2012

Argentine grains futures market in shock: government wants operations in Pesos

Argentina could require that grains futures be listed in the local Peso currency the head of the central bank said on Friday, a move that traders said would paralyze markets in the leading global food supplier.

President Cristina Fernandez is pushing to “de-dollarize” the economy 10 years after officials ended a one-to-one peg to the dollar during a devastating crisis. Read more.

MercoPress

Related,
US urges Argentina to normalize relations with international financial community - MercoPress

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