The focus of the measures will be aimed at accelerating the liquidation of agro-exporters. In particular, the scheme will have two parts. This was reported by Fernando Meaños in Modo Fontevecchiaby Net TV and Radio Perfil (FM 101.9).
The first is a third edition of the soybean dollar, a special exchange rate for the main product of Argentine foreign trade, something that has already been implemented twice, in September and December of last year. The “window” to liquidate It would go from April 15 to May 31 and during that period exporters will receive between 290 and 300 pesos per dollar.
The second measure is a program for regional economieswhich will last 90 days and you will receive a similar dollar. It will apply to exporters of yerba, vino, rice, tobacco, fruits and other productions.
New harvest, new unknowns, what will happen to the soybean dollar?
And it will have an additional requirement: all these sectors must negotiate a price agreement with the Ministry of Commerce for the internal market and commit certain levels of supply. With a scheme similar to that of the program Fair Priceswhich mass consumption companies must enter if they want to access the official dollarregional economies will have to agree on prices if they want to receive the higher exchange rate when exporting.
The Minister of Economy, Sergio Massa, negotiates this scheme once morest the clock since the situation of the income of dollars is pressing. He Banco Central sold yesterday 260 million dollars for the lack of foreign exchange incomeprecisely at the beginning of April, the month of the year in which the most should be liquidated.
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On the other hand, the FMI published yesterday what are the new goals for the accumulation of reserves of the Central Bank. To meet them, the Government must accumulate almost 5,000 million dollars in the second quarter of the year, an objective that in the current scenario seems very difficult to meet.
BL JL
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