Agricultural dollar: the measures announced today by Massa

The Minister of Economy, Sergio Massa, will announce on Wednesday the new scheme with which he will try to promote the liquidation of foreign currency (“agricultural dollar”) and curb the outflow of dollars from the reserves of the Central Bank.The scheme will be called “Export Increase Program” and will include an agreement with the cereals to establish a guaranteed minimum settlement for a period that will not exceed 45 days and a differential exchange rate in around $300. The term of validity of the agreement will be from April 8 to May 24. The program will also include an agreement with regional economies, which will run from April 8 to Friday, July 7. In this case, they must meet the eligibility conditions based on criteria of the Ministry of Economy. The present eligibility criteria will be:- Participation in Fair Prices. “Guaranteed supply and price. Company that does not enter at fair prices, will not enter the export program, “they said from the Ministry of Economy.
– Guarantee of employability. “Because they are economies that generate employment. Today there are 380,000 jobs,” they warned.
In addition, the Economy Ministry will implement “drought palliative measures,” with a “simplification and automation criterion for 69,000 affected producers.” A sanctions regime will also be applied for the more than 3,000 million unfulfilled exports. It is estimated that there are about 100 companies with an expired deadline to liquidate.

Original source in Spanish