Overview

• Presidential spokesperson Manuel Adorni announced the move on X before markets opened.
• Export taxes are set to zero for all grain shipments through October 31, 2025.
• Adorni said the goal is to generate a greater supply of dollars during the waiver period.
• The decision comes after two weeks of market stress, with the wholesale dollar at the band ceiling, the retail rate above 1,500 pesos, and about US$1 billion in central bank sales since Wednesday to defend the currency.
• Adorni accused the “old politics” of trying to sow uncertainty and pledged the administration would not allow efforts to derail its program.