According to private calculations, they could enter an extra $2 billion into the coffers of the Central.
In a difficult context of scarce reserves, the central bank he was able to get a good closing August with purchases for almost 1 million dollars in the exchange market. However, economists are skeptical about whether it will be enough, considering that, according to figures from some consultancies, up to 60% of what you buy is used to intervene in financial dollars. If there is something that is clear, it is the will of the Government to accumulate reserves and one of the alternatives that it has most available is to encourage the agricultural liquidation. How will this mechanism take place?
According to the latest report of Salvador Di Stefano, at the moment one is ruled out soybean dollar similar to previous editions. However, an attempt will be made to improve -in another way- the exchange rate taking into account that until October the official dollar it will be fixed at $350 and the parallels are already above $700 with a gap that far exceeds 100% for the CCL.
In this sense, through the article “wild dollar”Di Stéfano, the government will look for more dollars to enter the coffers of the Central Bank, through a project so that the soybean meal and oil exporters they can leave 25% abroad or settle it in the dollar Cash With Liquidation (CCL), while 75% will be liquidated in the Single and Free Exchange Market (MULC). This will result in the income of the exporters will be higher and could pay better for soybeans in the Internal market. Clearly a new soybean dollar will not be establishedwork is being done on the management to encourage the producer to sell the soybeans that he still has in his possession.
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According to his calculations, the exporters should offer an attractive sum for soybean holders to sell, this implies a price between $155,000 and $165,000 by Ton. “If this happens, it will be good business for farmers, and bad news for value added, this involves the livestock, dairy and egg sectors.”
It is estimated that the market could sell about 4 million tons, with which some US$2,000 million. For the analyst, the strategy is to generate incentives. “This implies that he seeks to sleep at Dolar blue in the next 53 days, hoping to improve in the electoral race. The bottom dollar is bullish, Not because of the photo we see today, it’s because the BCRA’s monetary liabilities could reach $66 trillion in one year, and if the reserves don’t grow, I don’t want to imagine the value expectation of alternative dollars. think that the alternative dollars rise more than 200% of the current value seems very logical,” he concluded.
Source: Ambito
