Meanwhile, with the remaining 30%, you will be allowed to buy dollars in the official market at the value of what the savings dollar is quoted today -which includes 30% of the PAÍS tax and 35% deductible from Income Tax and Personal property-. This exchange rate is one of the cheapest on the market and yesterday it closed at $226, that is to say practically $100 less than the CCL and the MEP.
This special regime will be in force until August 31 and, in addition to encouraging the entry of dollars from agriculture, it also seeks to clear up speculation regarding a possible devaluation of the official exchange rate or the formation of a special exchange rate for agriculture that in recent weeks have virtually paralyzed soybean sales by producers.
As detailed in the circular of the ethnicity, “this BCRA decision seeks to balance agricultural producers with the benefits available to the different productive sectors, including the free availability of foreign currency due to the increase in exports made compared to the previous year. which applies to the manufacturing industry; the Regime for the Promotion of Investment for Exports or the regime for the Knowledge industry that allows applying part of the increase in exports to the payment of the wage mass”.
So far, little more than 22 million tons of the 2021/22 campaign, valued at around US$14,000 million at export values, remain in the hands of producers. With this stimulus, the Government aims to nurture the settlement of foreign exchange in August, since in practice the agro-exporters must settle the dollars in the official exchange market when they complete the purchase of the merchandise and not when they ship the grains.. The numbers handled by the ruling party is that in the eighth month of the year the countryside could contribute around US$4,000 million, a record figure for that period and that will serve as a bridge for the following months.
Meanwhile, as of September, the official estimate is that soybean sales will continue at a constant rate since farmers will need funds to face the next sowing of the oilseed.
The Agriculture Minister himself, Julián Domínguez, announced that in the second semester the main agro-export complexes would contribute around US$25,000 million to the economy, after having closed a record first semester with more than US$19,000 million. only from the hand of agro-exporters.
This special regime is also presented as an option to overcome the fixed term for farmers, which is tied not only to the price of the official dollar but also to the value of grains.. This tool did not have the desired impact because after it was launched, the economy suffered the shock of the resignation of the now former Minister of Economy, Martín Guzmán, and endless speculation regarding a possible devaluation that ended up triggering the prices of alternative dollars.
Source: Ambito
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