The blue dollar was up $3 this Tuesday and it closed its listing at $394on the second day of formal validity of the new soybean dollar.
New in development
The IMF worsens its forecasts for Argentina: the economy will not grow this year and inflation will remain at “very high” levels.
The International Monetary Fund lowered Argentina’s economic outlook for this year on Tuesday and predicted it will have near-zero growth, just 0.2% in 2023, a period marked by drought, electoral uncertainty and complicated schedule compliance with the organism. Inflation, they predict, will remain at “very high” levels.
The Fund published the Global Economic Outlook (WEO) report as part of the Spring Assembly held together with the World Bank every April in Washington and which is attended by ministers of the economy and heads of central banks around the world. To know more.
The Government has changed the term for operating financial bonds in dollars: what changes
Simultaneously with the implementation of the agricultural dollar as part of the measures agreed with the Reserve Replenishment Fund, the government has changed the obstacles to operating with financial dollars and from this Tuesday some of the bond operations for this purpose will be carried out with a new period minimum length of time in portfolio.
The National Securities Commission (CNV) has decided to extend the “parking” to 3 days for the purchase of cash with settlement (CCL) in the case of securities issued under foreign law and to reduce it to 1 for instruments under Argentine law. Therefore, there will be a longer wait to settle operations with Globales (GD) and a shorter term with Bonares (AL). To know more.
The agricultural dollar is regulated but the soybean market is stopped: producers are asking for a better price
The soybean market remains paralyzed despite the decree published this Tuesday in the Official Gazette regulating the soybean dollar. “It’s ironed,” industry sources told Clarín.
This Tuesday, the Government published in the Official Gazette resolution 115/2023 which governs the third Export Increase Program (PIE), established by decree 194/2023.
There it was made clear due to producers’ uncertainty that the soybean dollar would not apply to sales of fertilizers, seeds and other low-trade inputs made before the decree took effect. And even those subjects who do not adhere to the program are not reached, both for operations such as the payment of field rents, the purchase of pellets or flours for animal feed, processing for balanced feed, or any other type of operation. To know more.
The blue dollar closed at $394 on Tuesday
The US currency in the informal market increased by three pesos this Tuesday and it ended up at $394.
Foreign exchange on Banco Nación’s boards increased by 50 cents in its selling price.
Source: Clarin
