The entities say that it is on the “agenda” and they hope that the agreement with the IMF will end up finalizing the exit from the exchange rate.
Within the sector linked to agriculture They do not believe that the exchange scheme that allows them to liquidate 20% in the CCL and 80% in the MULC will be modified.
“For now we do not see movements from the BCRA to eliminate the blend dollar, We will see once the program with the IMF is implemented“said Gustavo Idígoras, president of the Chamber of the Oil Industry of the Argentine Republic (CIARA) and the Cereal Export Center (CEC).
For their part, the Argentine Rural Confederations (CRA) indicated that they have the issue on their agenda, while the Argentine Rural Society (SRA), meanwhile, will discuss this issue with the Government.
Agreement with the Monetary Fund
The meeting between Javier Milei and Kristalina Georgieva marked a turning point in the relationship between the Argentine Government and the International Monetary Fund (IMF).
Among the points raised, there was talk of new disbursements of a minimum of US$11,000 million to strengthen the Central Bank’s reserves.
Also the exit from the exchange rate, since the IMF demands a more flexible scheme for the exchange rate. And finally, the achievement of goals: The Executive closed 2024 with a fiscal surplus, but did not reach the net reserves objective of USD 9.7 billion.
Source: Ambito
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