After Sergio Massa’s announcement about the launch of a new “Soybean Dollar”, this Monday, the national government launched through a DNU a new edition of the Export Increase Program (PIE), with a temporary differential exchange rate of $300 per dollar for the soybean complex and regional economies.
On the first day of application of the dollar, the Central Bank shed its reserves (it has already been 23 consecutive days) and made sales for more than 99 million dollars. So far in April, sales of US$ 517 million have already been added and US$ 3,495 million of net sales have accumulated in the year.
On behalf of the agro-export sector, they said that until the fine print of the initiative is known, “there will be no grain sales.”