The official made these statements at the Teatro Avenida, in the city of Buenos Aires, while participating in the launch of “The new era of diplomacy”, the book by the Argentine ambassador to Brazil, Daniel Scioli.
The Minister of Economy and presidential candidate for Unión por la Patria, Sergio Massa, announced that in the next few hours it will be published in the Official Gazette the expansion of the export incentive program, with new dollar rates for SMEs, cars, mining and fishing.
The official made these statements at the Teatro Avenida, in the city of Buenos Aires, when participating in the launch of “The new era of diplomacy”the book of the Argentine ambassador to Brazil, Daniel Scioli.
“Tomorrow morning, when you get up, you are going to read in the Official Gazette “the expansion of the export incentive program so that they can settle 25%, in cash with liquidation, of all companies in the automotive tariff system and the mining tariff system, because we respond to the market with more market, but with institutions”, explained the minister. The measure will benefit SMEs, the automotive industry, fishing and the mining sector.
As advanced Ambit, The Ministry of Economy will launch the mining dollar to promote exports in the sector and allow the entry of foreign currency, at times of fragility of the BCRA’s reserves and strong volatility of prices.
In addition, the UP candidate had advanced days ago the implementation of the SME dollar so that companies have the incentive to deposit 25% of the export settlement through the cash with settlement (CCL) “in order to guarantee greater volume and flow of income, and to somehow accelerate the process of Argentine exports.”
In this way, the methodology of this new exchange rate is similar to that of the soybean dollar 4, that is, 75% of the import settlements included in the “SME dollar” must be entered through the Single and Free Exchange Market (MULC) and 25%, through the Plaza del CCL.
He SME dollar will be implemented through the publication this Tuesday in the Official Gazette of the expansion of the export incentive program, where the dollar fishing, cars and miner.
The announcement comes a week after the launch of the dollar cow Death that enabled the incorporation of all basins and exportable products from the hydrocarbon sector to the exchange scheme already used for the liquidation of soybeans. In this way, for the period between October 2 and 20, the operating companies will be in conditions of settle 25% of its exports at the value of the exchange rate called Cash with Settlement (CCL).
With the announced scheme, the exporter who is reached by the incentive program will be able to settle 25% of their sales abroad in the CCL at $881, while the remaining must be done through the MULC, that is, the official dollar, which is currently at $350.
Source: Ambito
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