In return, companies will be able to count on foreign currency immediately, a claim that the sector had been making for months to speed up the operation. Carlos Rottemberg, head of the Argentine Association of Theatrical and Musical Entrepreneurs, confirmed to this medium that the measure was agreed with the entity.
“This management has the endorsement of the companies grouped in the Chamber, we hope that it will soon be reflected in the Official Gazette,” Rottemberg told Ámbito. At the same time, he explained that “currency transfer had been a problem across the cultural spectrum, which brings together everything from a literary work to the protagonists of a musical show. There are commitments assumed and carried out that have not yet been paid”.
In the Government they estimate that until the end of the year there are about 150 shows with international artists for which the measure will apply. The theater businessman said that the initiative “will allow the arrival of foreign works and artists who are the tip of a lot of jobs in the country” and that “the value of tickets will continue to be accessible to the public compared to what that cost in dollars in other countries of the region”.
From the Ministry of Economy they told Ámbito that the agreed scheme will be launched this week. Measure It is part of Sergio Massa’s plan to “take care of the dollars”. Days ago, the Ministry of Commerce transferred more than a thousand tariff positions to the non-automatic licensing system and brought forward the implementation of a new import system.
Launch of the “Qatar dollar” is accelerated
After more than US$8,000 million were settled in a month via the soybean dollar, the Palacio de Hacienda anticipated to this medium that the first step of the roadmap to conserve the reserves obtained was to “order foreign trade” since it is the channel through which most of the dollars leave. Complementary measures will be launched in a second stage.
As Ámbito learned, in the next few days it will be the turn of what became known as the “Qatar dollar”. That is, a differential exchange rate for Argentine tourists who decide to spend abroad. The application of the measure was left in the hands of the Secretary of Economic Programming, Gabriel Rubinstein, who at this time defines between making the liquidation of credit cards more expensive or putting a nominal ceiling on them.
In any case, the idea inside the Palacio de Hacienda is that those who travel abroad do so with their own dollars. They aim to reduce the tourism deficit, which is around US$500 million per month, but which last August represented close to US$750 million.
The other side of the tourism balance is also being analyzed. In this case, by the Minister of Tourism, Matías Lammens. It is that the foreigners who come to visit Argentina they do not use their credit cards due to the effect of the exchange rate gap and foreign currency does not enter the formal circuit. After several attempts, now aim to offer a settlement similar to that of the MEP dollar in plastics to encourage its use and cut the red in the account.
Source: Ambito
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