As the Central Bank continues to sell dollars from its reserves to try to avoid a jump in the price of the US currency that results in even more inflation, the government closely follows the price of the blue dollar, which closed on the first day of the week. for $ 290.
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The preferential dollar for regional economies “will not help the producer”
Carlos Achetoni, president of the Argentine Agricultural Federation. Photo: Juan José Garcia.
In Mendoza, where the Minister of Economy, Sergio Massa, announced various measures for the regional economies affected by the frosts, 40,000 hectares and 10,000 producers of grapes and other fruits are affected. To alleviate the situation in the Andean region, the national government has ordered, among other things, the granting of non-refundable contributions (ANR) of $ 1,500 million to each affected province.
“In La Rioja there are between 4,000 and 5,000 hectares, in La Pampa they said it was 380, so 1,500 million ANR dollars are not the same for one province as for the other,” questioned Carlos Achetoni, president of the Agrarian Federation. Argentina (FAA). in dialogue with Clarin Rural. This is why he asked that another criterion be adopted for the allocation of funds. “Due to the extent of the damage and the number of producers in Mendoza, much higher aid is needed,” he said. Read more here.
The Central Bank sold another $ 150 million to keep the dollar from jumping
The outflow of foreign currency from the Central Bank does not stop: the monetary authority went out on Monday to sell 150 million dollars to satisfy market demand and keep the price within the lifelines set by the government to prevent inflation from escaping to check more.
With that, Central lost $ 390 million in the five business days in November. Therefore, that’s only $ 108 million below the $ 498 million it sold in all of October. Read more here.
Source: Clarin
