The official thus referred to the PIE, whose reopening began today and contemplates an update in the price of the dollar based on the evolution of inflation, taking as a reference the $200 of the first version implemented last September, reaching in this Chance the $230.
In this regard, De Mendiguren pointed out that “nobody wants several exchange rates, we must normalize and stabilize the economy”, but affirmed that “It is a solution, a tool for exceptional circumstances that Argentina is experiencing today”.
He also stressed that “The first objective is to strengthen reserves”and questioned that “there are people who are betting on a strong devaluation and want to take Argentina to that instance, but without reservations, with the inflation and erosion of wages that Argentina has today, what you have to ask yourself is where does a measure like this end? this”.
In addition, he explained why the soybean complex was chosen, and in this regard he stated that it is “a product where there is volume, where US$3,000 million can be ordered, which also has less impact on the domestic market because only 8% is marketed internally and the rest is exported, and has a 33% retention”.
“This greater collection that will be achieved by increasing the dollar to $230 will be given in subsidies to chicken, pork, and dairy farms, so that the price increase in soybeans does not impact the prices of the domestic market.” , De Mendiguren assured.
He also commented that part of this increased collection will also go to regional economies and “also to social plans so that it returns to the pocket of Argentines.”
Source: Ambito
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