At the same time, he added that they do not contemplate restrictions on the savings dollar because they are “a limited amount” while he assured that they do not plan to divert demand to the free market because “with the exchange gap, put demand in those markets that operate with a very small amount of dollars would mean pushing them too.
“As long as it remains at these levels, it does not put the exchange balance at risk, but we have established restrictions to prevent abuses due to trips abroad.“, he claimed.
In relation to energy demand, the official added that the energy issue “has a very important weight” and they expect that by the end of this month there will be a reduction of US$600 million. Also, he again pointed against the field for the delay in the liquidation of the soybean sector: “We are with a delay of US $ 2,500 million that we hope will be recomposed in the coming months.”
“They have obligations to pay in pesos, because the plants that process soybeans have an essential level of operation to exceed their average costs and all this will lead to them having to sell and process and pay the costs of the new planting,” he said. .
Given the market’s concern about the situation of reserves, he stressed that this situation can be dealt with “because we had a lower level of reserves than these”.
In relation to the causes that led to this sharp drop in gross reserves, which are close to US$38,000 million, Pesce declared which is due to the levels of energy and input imports, in addition to a “search for coverage of the devaluation risk through stocking of imported goodsthere we take measures so that this does not occur”.
Source: Ambito
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