The Central Bank arranged a differential dollar for the field to settle the harvest | The deadline is until August 31

The Board of Directors of the Central Bank (BCRA) approved this Tuesday a new instrument to encourage agricultural producers to sell their soybean harvest and, thus, access exchange coverage for up to 70 percent of the sale of grains that they carry out. abroad until August 31 next.

To which the remaining 30 percent will be added to the value of the official dollar plus the PAIS tax and the withholdings on account received by the AFIP.

Specifically, producers will be allowed to make a demand deposit in financial institutions with variable daily remuneration based on the evolution of the A3500 exchange rate, known as the Link Dollar, for up to 70 percent of the value of grain sales. .

“This BCRA decision seeks to balance agricultural producers with the benefits available to the different productive sectors, among them, the free availability of foreign currency due to the increase in exports made compared to the previous year that applies to the manufacturing industry; the Regime for the Promotion of Investment for Exports or the regime for the Knowledge industry that allows applying part of the increase in exports to the payment of the wage bill”, the BCRA stated in its statement

“In the case of the regime for the sale of the soybean crop, it will be available until August 31. During this period, producers will be able to acquire freely available foreign currency for 30% of the funds obtained from the sale of grains destined for export and convert 70% into a freely available deposit with variable remuneration based on the evolution of the type of official change”, completes the statement.

The full statement from the BCRA

The Board of Directors of the Central Bank of the Argentine Republic today approved a new instrument for agricultural producers who sell their soybean harvest, in line with the benefits received by the manufacturing, energy and knowledge industries that increase their exports.

In this case, producers will be allowed to make a demand deposit in financial entities with variable daily remuneration based on the evolution of the A3500 exchange rate, known as the Link Dollar, for up to 70% of the value of the sale of grain.

In addition, for the remaining 30%, the Formation of External Assets will be allowed, at the value of the official dollar plus the PAIS tax and the withholdings on account received by the AFIP.

This decision of the BCRA seeks to balance agricultural producers with the benefits available to the different productive sectors, among them, the free availability of foreign currency due to the increase in exports made with respect to the previous year that applies to the manufacturing industry; the Regime for the Promotion of Investment for Exports or the regime for the Knowledge industry that allows part of the increase in exports to be applied to the payment of the wage bill.

In the case of the regime for the sale of the soybean crop, it will be available until August 31. During this period, producers will be able to acquire freely available foreign currency for 30% of the funds obtained from the sale of grains destined for export and convert 70% into a freely available deposit with variable remuneration based on the evolution of the type of official change.

News in development.

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