Decree 597/2023 increases to 50% the portion of foreign currency that can be settled in the Cash with Settlement or “CCL” dollar segment.
To accumulate reserves, the Government made official the extension of the program until December 10 and established new conditions. As anticipated Ambit, decree 597/2023 increases to 50% the portion of foreign currency that can be settled in the Cash with Settlement or “CCL” dollar segment. It is estimated that the new exchange rate will be $614, which will depend on the variation in quotes.
At the same time, it establishes that the exporters of the merchandise included in the Common Nomenclature of MERCOSUR (NCM) will make the payment of duties, taxes and other concepts under the conditions established by the applicable regulations, within the deadlines established for these purposes. the AFIP, an autonomous entity within the scope of the MINISTRY OF ECONOMY, and said date must not exceed the December 31, 2023including, corresponding to applying the rate of Export Right (DE) respective, considering the exceptional and temporary countervalue provided for in the aforementioned article 1 of this act.
During November, the central bank With this tool, he managed to improve his position in the exchange market and accumulated more than US$286 million. In any case, in a panorama of change of political sign that is still plagued by uncertainties, it is unknown whether the benefit will be the same or not. attractive enough for those who can pause their exports.
Dollar: the expectation after the runoff
This Monday, the Minister of Economy, Sergio Massa, met with his cabinet and defined the team that will be in charge of the transition: the Secretary of Economic Programming, Gabriel Rubinstein; the head of advisors, Leonardo Madcur; the Secretary of the Treasury, Raúl Rigo; and the president of the BCRA, Miguel Pesce. On the side of La Libertad Avanza, their counterparts have not yet confirmed. There is also no set date for the first meetings.
The Government hopes that today will be a “normal” day in the financial and banking market. They ensure that banks have the necessary liquidity to face any deposit withdrawal scenario. Along the same lines, they anticipate that the Central Bank will “continue intervening in the bond market.” At the same time, they hope that Milei’s clarifications regarding the fact that there will be no immediate exit from the stocks, not at least until the Leliqs problem is “resolved”, will contribute to the idea that “there is no precipice to the view”.
Source: Ambito
