Looking ahead, government projections estimate that an extra US$4 billion from regional economies will be liquidated from now until August (regional economies in Argentina include producers of traditional products such as yerba mate, wines, citrus, rice, tea, and wood.) “Generally speaking, more than US$5 billion could come in, as indicated by companies in the sector. “The question remains about what will happen after May 24, because if we take into consideration what happened with the two previous versions of the soybean dollar rate, soybean sales contracted monumentally after the differential exchange rate ended, which resulted in a smaller income of dollars. This is why the scope of the measure regarding regional economies is still being defined. In any case, all the exporting sectors of regional economies approve of this measure, which may speed up exports and also boost the Central Bank’s reserves.

Source: Bueno Aires Herald April 10, 2023 20:55 UTC