After the soybean dollar, the Central Bank has made it more expensive to credit producers

The Board of Directors of the Central Bank of the Argentine Republic (BCRA) has set the minimum rate for financing producers who maintain a stock of soybeans exceeding 5% of their production in the equal to 120% of the latest monetary policy rate.

The BCRA has exempted from this rate producers whose total amount of funding in the financial system does not exceed the equivalent of $ 2 million and who demonstrate that they do not harvest more than 5% of their annual harvesting capacity of soybean production. .

The minimum interest rate of 120% above the LELIQ rate will apply to all credit lines in pesos, regardless of the form of the instrumentation, and is complementary to the program launched by the government for manufacturers to liquidate foreign currency for the export of parts. of soy 200 pesos per dollar.

Furthermore, the Central Bank has made it clear to the system entities that it is mandatory to open the linked dollar account where farmers can deposit.

News in development