Argentine Central Bank creates a “soy dollar”, for faster crop liquidation

The Minister of Economy, Silvina Batakis, assures on Wall Street that she has the support of Kirchnerism to meet the goals of the IMF.

The Central Bank of Argentina has announced this Tuesday a special exchange regime so that the field accelerates the sale of the harvest. The measure means that exporters will be able to obtain about 160 pesos for every dollar sold, considerably less than the 323 that they would obtain today on the black market but higher than the 137 of the official price, set by the State.

It is not a special exchange rate, but a mechanism that, according to the Central Bank, will allow producers to maintain the value of their investment and will encourage them to liquidate the . . .

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