The libertarian administration published on Monday at the Official Gazette Decree 269/2025 that puts an end to the special exchange rate that allowed exporters to liquidate 80% of the countervaluation of exports in the market -free market (MLC) and allowed the remaining 20% to be allocated to the sale of negotiable values in order to access financial dollars.
The decree that was initially promoted by the government of Alberto Fernández during Sergio Massa’s management at the head of the Ministry of Economy, was renewed by Javier Milei during the first days of his management, on December 13, 2023.
According to the current government, Argentina was going through a situation “Unpublished gravity” at that time due to “Deep macroeconomic imbalances that negatively impacted on the entire population”. And the need to prosecute this situation “has been found naturally limited by the inheritance of various economic imbalances.”
Javier Milei repealed decree established by the dollar Blend
From that time to the present, the Executive Power “has adopted a series of measures that significantly reduced public spending in order to guarantee fiscal balance, and that had as its main effect a growing stabilization of macroeconomic variables.”
That, added to the agreement with the International Monetary Fund that will allow strengthening the reserves of the Bcra, made it possible that “se minimize the intervention of the national state In the dynamics of supply and demand and the artificial mechanisms of incentives established to intermediate between one segment and another of the economy “are abandoned, in this case the” Blend dollar “.
Given that context, they stated that It is “imperative” to leave “without effect” to all those restrictions on the offer of goods and services, as well as any regulatory regime “that distorts market prices or avoid the spontaneous interaction of supply and demand, through the full restoration of the regime provided for in Decree No. 609/19 and its modifying and concordant standards.”
Due to the above, the Government considered it necessary to repeal Decree No. 28/23 “by the nature of the measure involved, to avoid the strong negative impact that could otherwise bring with it in the present economic scenario.” And to guarantee its effectiveness considering that “it is necessary that it be adopted and implemented immediately and not pre-ancient.”
Source: Ambito
