“During the first day in which the Export Increase Program created by Decree No. 576 was restored in an extraordinary and transitory manner, exporters settled for a value of US$292 million,” The monetary authority specified through a statement.
The Government launched on Monday the reopening of the Export Increase Program (PIE), which establishes a differential exchange rate for the soybean complex of $230 per dollar, which aims to raise about $3 billion by December 31.
As a first effect of the measure, the price per ton of soybeans for the producer jumped from $68,000 to $80,000 on the market.
The reopening of the program, initially created by decree 576/2022 of last September 4, will be in force until the end of the year, in accordance with the provisions of the necessity and urgency decree (DNU) 787/2022, published this Monday in the Official Gazette with the signature of President Alberto Fernández and his entire cabinet.
The program contemplates an update in the price of the dollar based on the evolution of inflation, taking as a reference the $200 that governed the first version implemented in September.
When it comes to the forex market in general, the official dollar price closed at $173.66, up $1.22 compared to Friday.
For its part, in the informal segment, the so-called “blue” dollar operated with a drop of two pesos, at $318 per unit.
Source: Ambito
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