Luis CaputoMilei’s economy minister announced that the official dollar will cost $800 and the Central Bank confirmed that there will be a crawling peg of 2%. Later, through Official bulletin Details of the measures began to emerge. Among them a new Export Increase Program which establishes that foreign sales will be settled 80% at dollar official of $800 and 20% Cash with Settlement, which gives an exchange rate for export of $860.
But at the same time, what is surprising is that an increase in the withholdings which would be taxed at 15%, except for soybeans, which will be 30%. To reach March, the economic team led by Luis Caputo estimates that the cereal companies – encouraged by an almost fixed nominal anchor and a new exchange rate – will have an incentive to liquidate about US$5,000 million.
The countryside supported the economic measures
The rural entities Today they supported the measures announced by the Minister of Economy, Luis Caputo, affirmed that they are honest with the variables of the activity and reiterated the request to eliminate withholdings.
They noted that the ads “can bring a improvement in the value of dollarized products which, however, are charged in pesos”.
The president of Argentine Rural Confederations (CRA), Carlos Castagnani, He pointed out that the new price of the official dollar at 800 pesos “is reality.”
“They are emergency measures to face reality on a path that Argentina had been avoiding and take the right path“said the leader.
For the ruralista, the official’s speech was “in line with what was said in the campaign, honesty of variables and that all sectors must support and not just the countryside.”
After Caputo’s promise to remove all withholdings “the emergency is over”, Castagnani stressed that “the path must be the total elimination of export duties”.
He stressed that he sees “it’s good that social containment has been done for the most vulnerable sectors.”
For his part, the president of the Argentine Rural Society (SRA), Nicolas Pino, He pointed out that President Javier Milei, through the package of emergency measures that Caputo spoke about, “reaffirmed what he always said, valuing the sector because the countryside has been discriminated against through taxes that only producers pay.” .
“The path is the unification of the exchange rate and the elimination of export duties,” he added.
Pino added: “We hope that these measures serve to address the crisis that our country is experiencing, because “Argentina needs opportunities for everyone.”
Source: Ambito
