As Ámbito anticipated, the novelty announced tonight has to do with the implementation of what the minister characterized as “a $200 dollar settlement mechanism“which, according to what he said, “will be in force only from September 5 to 30”.
At the same time, he highlighted that, after a lot of hard work, an agreement was reached to speed up the liquidation of foreign currency. In this way, with the announcement of the new “soybean dollar”, the minister pointed out that the representatives of the field promised to liquidate US$5,000 million in the month.
“The agreement that we have established foresees a US$5 billion settlement for September,” he said.and remarked that “u$s1,000 million will enter in the first 72 hours”.
In addition, he announced that in the next few hours a Necessity and Urgency Decree will be published “which provides that those producers who adhere to more than 85% of their holdings in this program will be able to continue participating with us in benefit programs “.
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Argentine News.
The purpose of the announcement is to strengthen the weakened reserves of the Central Bank, but also, according to Massa, to rebuild the relationship with the sector. “We want our producers to understand that our government is accompanying them,” said the minister.
Argentina is one of the major players in protein production at a global level, Massa considered, so “having a working relationship, of synchronism and synergy with the agribusiness sector is very important.”
The mechanism announced tonight will take effect from this Monday, September 5, until the last day of the month.
Source: Ambito
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