The Government analyzes the last measures to apply a differential dollar in it transportation linked to production and with him tourism. In addition, they point to modify the exchange regime in relation to the tourist dollar.
This arises within the framework of the agreement with the IMF regarding the goals and the negotiation of mitigation measures for drought. The Fund recognized that the drought caused a misalignment of the plans provided for in the original agreement, therefore the reserve accumulation targets, which this year were US$12.4 billionwould be reduced by u$s2,000 million and that will allow you to have a better financial horizon.
But at the same time, he warned about the need to redouble the adjustment to get the fiscal deficit it stays in it 1.9% of GDP, something that in nominal terms will surely rise due to the effect of inflation. In other words, the final number could be higher than expected, but always representing 1.9% of GDP.
Promote exports and safeguard reserves
In order to promote exports and strengthen the trade balance, one of the initiatives could be the application of a differential exchange rate, for a limited period, for a set of primary exportsincluding soybeans and other agricultural products (from selected regions).
On the other hand, it is known that next Wednesday the Economy Minister Sergio Massawill announce the implementation of a new “soybean dollar”, according to advances to Ambit official sources. According to high sources from the Palacio de Hacienda, it is a differential exchange rate, which would be around $300.
The actions will seek to strengthen the trade balance, through the application of a differential exchange rate for a limited time period (April-June) for a select set of primary exports (including the soybeans and other agricultural products).
They also point to improve import administration and compliance for limit billing, storage and other irregularitiesespecially on the services front.
Changes to the exchange rate for Transport and Tourism
The new exchange rate will also be applied to a part of the importsincluding the tourism and transport services. For this reason, as revealed by Ámbito, at the same time they are working on changes for imports. “We want to simplify the scheme, today there are different perceptions and the idea is that this converges towards the same point,” explained an official close to Massa when asked by this medium.in reference to the exchange rates that were established, for example, for the hiring of foreign artists or tourism.
The intention of the economic team is to start simplify current exchange regimeby means of the rationalization of the various taxes currently levied on imports of goods and services.
Also keep improving the customs control to limit over-billing, storage and other irregularities, especially in terms of services.
In particular, the authorities are closely monitoring the evolution of the freight payments since they have detected that turns tend to increase, unlike what happens in the rest of the world where they decrease. They comment that there are ongoing investigations and that some company could be sanctioned.
Changes in the dollar for consumption abroad?
On the other hand, there could be changes in the tourist dollar or card. This is the exchange rate that includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property Taxand a new perception of 25% on account of Personal Property. This dollar applies to consumption abroad with debit and credit cards over US$300 per month per person.
Qatar dollar price, Tuesday, April 4
He qatar dollar -which includes 30% of the COUNTRY tax, 45% deductible from Income Tax and Personal Property Taxand a new perception of 25% on account of Personal Assets- earns 84 cents and trades at $435.72.
This exchange rate applies to consumption abroad with debit and credit cards over US$300 per month per person.
Price of the tourist dollar or card dollar, Tuesday, April 4
He tourist dollar or card -Retailer plus 30% of the COUNTRY Tax, and a perception of 45% deductible from the Income Tax and of Personal property for consumption with cards abroad of up to US$300 per month- goes up 74 cents and is offered to $381.26.
Source: Ambito
