This measure, which became known at the end of last July, allowed producers to place 70% of the value of what was sold in a fixed term that had a kind of exchange insurance. On the other hand, they could allocate the remaining 30% to acquire a solidarity dollar.
However, there were implementation problems, such as the fact that numerous banks did not know how to carry out the accounts, complicating their acceptance, among other factors.
Another reason that must have contributed to a poor settlement through this instrument is that since Sergio Massa took over as head of the Ministry of Economynegotiations began with the Link Table to reduce the gap between the official dollar and the financial dollars in exchange for a greater liquidation.
The versions revealed that work was being done to offer the agricultural sector the power to liquidate the dollar bagbut in a limited time.
At the official level, it is estimated that if this measure is implemented, reserves could be strengthened by some 4,000 million dollars. However, according to comments in the sector, the negotiations remain stalled.
For their part, CIARA and the Center for Cereal Exporters (CEC), which represent 48% of Argentine exports, reported that companies in the sector settled an amount greater than 3 billion dollars, 5% more than in July and 11% above August 2021. In the statement they indicate that this “foreign exchange income for the month of August is the highest for the same month in the last 20 years.” The accumulated total is over US$25 billion.
Source: Ambito
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