The Government’s decision to devalue the peso by 22% by carrying the wholesale dollar up to $350 This Monday creates a new context for exporters and puts an end to the agro-dollar program, which had been recently relaunched and which recognized a differentiated exchange rate for exporters from regional economies, with a focus on corn.
It happens that that differentiated exchange rate that the Government implemented and that was going to be in force until August 31, according to the regulation, but the decision to appreciate the wholesale dollar renews the competitiveness of the peso in foreign trade and makes that program no longer meaningful.
Thus, as a source explained to Ambit“from now on, the grain exporters and regional economies Those who accessed this exchange rate until now through the CAM 9 wheel of the Electronic Open Market (which is where operations are registered in the official exchange market, the MULC), will begin to operate through the CAM 1 wheel” , which is the one that records the liquidation of exports traditionally to a dollar $350, like everyone else.
Source: Ambito
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