Sunday, April 2, 2023

BCRA announces a special arrangement for the sector to expedite liquidation of forex

It is a new tool aimed at getting agricultural producers to sell their soybean crops, similar to the profits currently enjoyed by the manufacturing, energy and knowledge industries, explained in the unit. The decision is also aimed at increasing the exports of the region.

According to tonight’s statement, the body led by Miguel Paes ordered that “Producers will be allowed to deposit demand at financial institutions with variable daily remuneration based on the development of the A3500 exchange rate known as the link dollar, up to 70% of the value of the sale of grain.”

In addition, for the remaining 30%, the formation of foreign assets will be allowed, PAIS tax on the official dollar value and withholding on account received by AFIP, i.e. they will be able to access the dollar at the same value as the Solidarity dollar, i.e. $ 239.75. This arrangement will be applicable till August 31 for the growers who destroy the soybean crop.

“This decision of the BCRA seeks to balance the agricultural producers with the benefits available to the various productive sectors, among them, the free availability of foreign exchange on account of the increase in exports made in relation to the previous year which is applicable to the manufacturing industry. ; Governance for promotion of investment for exports or Governance for the knowledge industry which allows to implement part of the increase in exports for payment of wage bill,” the agency pointed out.

News in development.-

Nation World News Desk
Nation World News Desk
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