After an anxious wait, finally, this Wednesday the first dollars entered the official exchange market under the Export Increase Program.
as far as he could tell Ambitthis Wednesday, the first settlements within the framework of the new export increase program (PIE), known as agro dollarwhich offers a dollar at $300 (almost 40% more than the wholesale value at this time) for exporters in that sector.
Thus, after two days of waiting, since the launch took place on Monday, April 10, several operations entered the exchange market of the soybean complex: the first was around 1:00 p.m., for US$10 million, and, finally, totaled US$94 million. This breaks the negative dynamics of Monday and Tuesday, which had not registered settlements under the program.
As some voices from the City explained, the delay was due to “companies had to comply with administrative procedures at banks and control agencies”. Basically, you just had to wait for the accounts to be opened according to Decree 194/2023, the one that implemented the program.
Agricultural dollar: why it took two days to start
That made the start of the farm dollar somewhat slow. Finally, the news of the first operations in the CAM 9 wheel, which is that of soybeans, this Wednesday, opens the expectation that dollars will begin to enter the field into the Central Bank (BCRA) and consequently could have positive balance in the MULC in the dayas happened on Tuesday, when he managed to break the selling streak of 23 straight days.
This is a good fact the start of liquidations. However, it will be necessary to see what level of success the proposal manages to achieve, with which the Government hopes to attract US$4,000 million in the 45 days that it will be valid (which is until May 31).
Likewise, then they aspire to add one US$5,000 million with the agricultural dollar, which will extend the program to regional economies and for which the option to liquidate exports with a differentiated exchange rate of $300.
Source: Ambito
