“The meeting took place in a framework of total cordiality and the technical aspects for their implementation were reviewed in the next few days,” sources of the ruling party after the meeting.
With the measure, The government will seek to add US $ 7000 million to strengthen reservationssend signs of certainty and put together a “exchange bridge” that reduces the tension to the elections.
The novelty came before the opening of the marketafter two weeks of financial pressure, with the bonds and the actions in fall and the wholesale dollar operating on the ceiling of the flotation band and the retailer above $ 1500.
Since Wednesday, when it was enabled to intervene, Banco Central spent more than US $ 1000 million of the reserves to contain the dollar. So, He opened the question between investors about the power of fire in the weeks prior to the elections and how the government will do to guarantee debt payments with the IMF and the bonds.
According to the presidential spokesman, Manuel Adorni, the resolution will apply for just over a month and apply to all crops. The objective of the government is to accelerate the entry of currencies and give predictability to the exchange market, in addition to sending a signal to the agro -export sector.
To calm the dollar, the government announced zero withholdings to all grains
The Government confirmed that zero retentions for grains return until October 31. Through a tweet from Manuel Adorni, the presidential spokesman gave the news that guarantees that the government will have an important offer of dollars and will allow it to calm the volatility of the dollar. The decision reaches all cereals and oleaginous.
“The old policy seeks to generate uncertainty to boycott the government program. In doing so they punish Argentines: we will not allow it. Therefore, and with the aim of generating greater offer of dollars during this perioduntil October 31 there will be zero withholdings for all grains, “said Adorni in his X account.
The field’s response was swift: “We support any measure that implies eliminating withholdings even if they are temporary. We need to see the details of the way of operating and when it will be operational, “said Ciara-Cec president Gustavo Idigoras, shortly after the announcement is known.
Source: Ambito
