The national government launches today a “dollar operative” to contain the parallel exchange rates and take care of the currencies available in the country.
As indicated from the Palacio de Hacienda, this is the decalogue of measures that the Minister of Economy will announce today, Sergio Massa. The act will be at noon in the Belgrano Hall of the Ministry.
1. Export increase program to attract some US$4,000 million
An agreement is launched with the cereal companies to establish a guaranteed minimum settlement for a period that will not exceed 45 days. The period runs from April 8 to May 24.
According to the soythey will have a differential exchange rate that would be around $300 per dollar, The Government not only seeks to capture those 7 million tons from last season, but also as much grain as possible from the new cycle. In a context in which a cut of around 40% is expected in the final harvest of the oilseed and a drop in the sector’s foreign exchange income of more than US$7,000 million.
An agreement is launched with the regional economies. The period runs from April 8 to Friday, July 7. It is also a “temporary window” that opens and closes.
In this case, producers have to meet the “eligibility” conditions. based on criteria of the Ministry of Economy. Thus, those who enter must respect certain criteria, because they are economies that generate employment: today there are 380,000 jobs in that sector.
All regional economies affected by this differential exchange rate, which will govern for 90 days, will have to commit to supplying the domestic market first., in case it is a locally requested product. In addition, they would first sign a price agreement so that the internal values do not shoot up before the export possibility. They must participate in Fair Prices. “Companies that do not enter, do not enter the export program,” they emphasized. The wine industry would be one of the most benefited from this measure.
2. Producer protection program
In parallel, palliative measures will be launched due to the drought. In this case, a simplification and automation criterion will be applied for 69,000 producers affected by climate change.
3. Customs sanctions regime
A sanctions program is launched for some 100 exporting companies that have expired to liquidate the dollars they received for the payment of shipments abroad. It is estimated that there are between US$3,000 million and US$4,000 million of exports without meeting this requirement.
This information arose from a Customs document that revealed the list of authorized import and export companies with the highest amount of unfulfilled foreign trade operations before the Central Bank for the period 2019-2022.
Source: Ambito
