The piggy bank is empty: Milei and Caputo asked for more advanced foreign currency and now there will be little money left from agriculture for the end.

Published Oct 18, 2025

Original content

In order to arrive with the dollar controlled by the elections on October 26, President Javier Milei and his star minister Luis Caputo, requested a generous advance of foreign currency from the agricultural sector, which they paid with the highest interest rate that will be remembered, sacrificing $1.5 billion of the collection from withholdings in the coming months. With such a succulent prize, the economic team achieved its goal in a very short time, as in just 48 hours it managed to gather export declarations of grains and by-products for $7 billion, with a foreign currency advance that reached $6.1 billion. That money introduced into the MULC (Single and Free Foreign Exchange Market) was quickly depleted from the Central Bank's reserves and could not even contain the value of the dollar. It was necessary to resort to the United States Treasury and even so, the exchange rate cannot yet be flattened. The biggest problem is what will happen after October 26. And perhaps this is ...

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