The Government insists that the dollar will fall. On this occasion the message was addressed to the representatives of the export sector and the field. The economic team reiterated that the reduction of retentions is transient and gave some clues of the tax reform project. Meanwhile, doubts about the sustainability of the weight appreciation scheme persist: the emissive tourism grows, the receptive falls and there is a record of visas to China. Passing the long weekend in Salta became more expensive than doing it in Lima or Santiago de Chile.
Last Friday, three of the men closest to Minister Luis Caputo approached the Rosario Stock Exchange. They did it to trace A panorama to the representatives of the field and the export sector of what they define as the “third phase” of the economic program. They were at the Juan Pazo meeting, head of Arca, Federico Furiase, director of the Central Bank and Felipe Núñez, advisor to the Treasury Palace.
According to sources that participated in the meeting, The officials indicated that it is better to sell grains now because the exchange rate will tend down: “Do not wait for a devaluation because it will not happen”they sentenced. In addition, they reiterated that the decrease in export rights is transient. Apartial paragraph, one of those present was struck that in this case there was no claim of rural society for this matter.
The entrepreneurs agreed that the government puts the goal of lowering inflation. Milei wants the dollar to go to the bottom of the band. For that, the currency offer in the market needs to be maintained, but in the export sector they raise repairs: “In the next two weeks there will be liquidation. There are producers who have to sell to $ 300,000 the ton although they lose money because they have to pay debts, but Then it is difficult for them to sell at this price”Said an experienced source of the export sector.
Before consulting What dollar sales could flowthe answer was overwhelming: “A $ 1,400”. Although he acknowledged that at $ 1,300 a higher sales volume could also be seen. Everything is to be seen, the harvest is somewhat behind the heavy rains that were recorded weeks ago in the nucleus zone.
Visas record to China
The official trident was confident that The exchange rate appreciation model will improve real income and increase demandwhile the offer will increase due to tax drop and labor reform. But from various sectors they question the sustainability of the model and the effects on national production.
The industry does not finish starting. March’s photo was bad, consultants anticipate a new setback. But beyond the underground situation, something structural occurs: companies that delocate their production, Value chains links that are replaced by imported products and entire sectors that rethink their viability in the new context.
Meanwhile, There is a flood of entrepreneurs traveling to Asia in search of opportunities to import. That? Anything. The items are most varied and businessmen themselves are open to be surprised with attractive prices product of exchange appreciation.
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Sources with access to the China Embassy in Argentina confirm a Exponential jump in visas to travel to that country And according to INDEC data, purchases of goods to that country grew 86% year -on -year.
Salta more expensive than Lima
Argentina face in dollars brings striking scenes. While mass consumption remains at the lowest levels of recent years and jobs in the formal sector continue to fall, The emissive tourism grows at a frantic pace: 98.8% year -on -year in March. In the same month, the arrival of foreigners to the country collapsed 24% compared to the previous year.
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The matter is easy to decipher, it has to do with incentives. Take off promotes different packages for the long weekend of worker’s day. All include flights and lodging for three nights. In the case of Salta it is a three stars hotel, in the case of Santiago, Chile one of four that includes breakfast, the same category that is offered in Lima with breakfast, pool and sauna. The Argentine destination is quoted at $ 1,186,000, while the Chilean $ 731,530 and the Peruvian $ 1,053,000 per person.
The government says that this gap will not be limited with a devaluation but with a labor and tax reform. In the encounter in the Rosario Stock Exchange The economic team gave a track of the first taxes that could go down: check and withholdings. Meanwhile, the challenge falls on the dollar and reserves because Now tourists can demand currencies in the official market.
Source: Ambito
