The national government relaunches the agricultural dollar to increase the settlement of foreign exchange from the countryside and benefit the regional economies.
as anticipated Ambitthe Government will seek to relaunch a new differentiated exchange rate that would be around $350 and that would tie the one of the importers. The exchange rate would be unified, as requested by the agency, only marginally affecting the official price with a small devaluation.
This happens while the talks with the IMF. A senior source said that it is very probable that Minister Massa will announce tomorrow a package of measures that, at this very moment, is being defined with the IMF.
Agro-export companies liquidated US$1,581 million in June, which represented a year-on-year drop of 59%. June settlements were 62% lower than last Maywhile in the first six months of last year, the grain-oilseed sector lost sales values abroad by 42%.
What is expected
For the economist Federico Glustein, “yesterday afternoon a rumor of a special dollar for importers that would be located in the $350on the one hand, and the possible arrival of a new exchange rate differentiated for exporters around the same price”.
“What is being evaluated is to apply a 30% tax to all imported products, which would be easily devalued and would have an effect very similar to a 30% devaluation for the peso against the dollar,” says analyst Salvador Di Stefano.
Source: Ambito
