The Central Bank ordered this Monday that agro-exporters who sold soybean dollars will not be able to access the official exchange market, nor the Stock Exchange to buy MEP or CCL.

“Economic agents that have sold soybeans under the Export Increase Program will not be able to access the foreign exchange market for foreign currency purchases nor carry out operations with titles and securities with settlement in foreign currency,” the Central Bank officially communicated. .

This measure occurs in a context where the financial dollars come from posting four strong consecutive rises, and from hitting maximums in 2 months exceeding $300.

In other words, those who took advantage of the settlements to a “soybean dollar” that had the objective of accelerating the sale of this oilseed, will see their possibilities of access to the exchange market restricted.

This measure announced by the Minister of Economy, Sergio Massa, which pointed to a special exchange rate to encourage settlements, promoted a “voluntary” adherence by exporters for which the slate value of the grain exceeded $53,000 per ton at the starting point, to more than $70,000, which represented an improvement of more than 32%. For producers, meanwhile, it meant an exchange rate of $200, a jump of more than 37% over the current official value.

The new foreign exchange restriction for soybeans will take effect from this Tuesday, September 20, indicated the monetary authority.