The Minister of Economy, Sergio Massa, is working to strengthen the BCRA’s reserves and, in that framework, he resolved that an extension of the 4-soy dollar program is necessary.
Report by Liliana Franco – The Government decided to extend the duration of the program soybean dollar 4, which was scheduled to end this September 29. The decision was made by the Minister of Economy, Sergio Massaafter talking with soybean producers from Rosario, Santa Fe, regarding how much stock there is to liquidate.
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Although there is not much soybeans pending liquidationthe truth is that this extension of the soybean dollar 4 could mean a collection of US$1.2 billion, the Government estimates. This is a key fact in a context in which Massa works with a focus on achieving a strengthening the reserves of the Central Bank (BCRA)to arrive with greater robustness to the Monday after elections (which will be next October 22).


Although still details of the extension are not knownwhat was indicated is that The extension could be until mid-October and will maintain the modality of this version of the Export Increase Program (PIE)which allows 75% to be settled at official dollar and the The remaining 25% is freely availablethat is, it can be channeled through the financial dollars.
How was the balance of the soybean dollar 4?
The soybean marketing exceeded 4.5 million tons within the framework of the fourth edition of the Export Increase Program (PIE IV), which was scheduled to end this Friday but will be extended.
Strictly speaking, since the differential exchange rate for the soy On September 5, 4,514,983 tons were negotiated, of which 3,059,600 corresponded to new contracts, while the remaining 1,455,583 tons were price fixes for operations completed before the measure.
The Government reestablished “in an extraordinary and temporary manner” the FOOT for the soywith the particularity that, instead of determining a differential exchange rate, the stimulus was that exporters had free availability over 25% of the currencies they settle.
Source: Ambito