Last week, Argentine Economy Minister Sergio Massa announced the creation of the so-called “agro dollar,” a new exchange rate for agrifood exports. This should replenish the country's impoverished coffers while simplifying foreign currency operations for all rural producers.
The “agricultural dollar” intends to simplify the exchange rates for products of the agro-export sector, it was explained. It will also seek to simplify the exchange rates used to import products and services, such as the so-called “tourist”, “Coldplay”, “Qatar”, “Techno” and other quotations.
The agro dollar is expected to stand at between AR$ 280 and AR$ 300, it was reported. The Government expects to reach a liquidation of US$ 15 billion between the second and third quarters of the year.
Source: en.mercopress.com