The Ministry of Economy created a unit to negotiate price agreements that will be headed by the director of Customs, William Michel, hours after an announcement was made official exchange rate devaluation of 22% which is expected to have an impact on prices.
As reported by the channel C5N, Michel He will be in charge of the team that will negotiate the new price agreements. You will have to lead the negotiations with the entrepreneurs of the main companies.
The highest figure of Customs will be seconded by Matias Tombolini, current Secretary of Commerce; Gabriel Rubinstein, Vice Minister of Economy; and Carlos Castagneto, head of the Federal Administration of Public Revenues.
The Ministry of Economy will begin this Tuesday to carry out negotiations with companies within the Fair Prices Program, proposing incentives that will aim to contain the impact of the devaluation, according to a senior source from the Palacio de Hacienda to Ambit.
The decision was made by Minister Sergio Massa. According to the Noticias Argentinas agency, in the list of products in the price agreements “there will be tax discounts for companies that enter into the agreement and a letter from the BCRA to guarantee import operations in their production chains.”
BCRA fixed exchange rate
The resolution comes hours after the central bank provided for a 22% devaluation of the official exchange rate that raised the price of the dollar to $350. The price will be fixed until October 22 when the general elections are held.
The monetary entity made the decision to devalue the official coin, In the midst of the uncertainty experienced by the markets after the good results obtained by the La Libertad Avanza candidate, Javier Miley.
The International Monetary Fund (IMF) endorsed the latest measures adopted by the economic leadership. In a statement released Monday, julie kozackDirector of Communications of the organization pointed out that “We value the recent policy actions of the authorities and the commitment to safeguard stability, rebuild reserves and strengthen fiscal order”.
Source: Ambito
