Yesterday afternoon Economy Minister Sergio Massa announced a new “agro dollar” exchange rate, which aims to boost agricultural exports and strengthen international reserve accumulation. “The new exchange rate will allow producers to have more income and open to new markets,” said the Chubut governor Mariano Arcioni. The Argentina Wine Corporation (COVIAR) also supported the announcement and stated through a release that “all wine producers benefited from the differential exchange rate”. For a limited time, agricultural producers can export soybeans, other soy products, and regional agricultural produce at a beneficial exchange rate of AR$300 to the dollar. The official exchange rate is currently AR$214 to the dollar.

Source: Bueno Aires Herald April 06, 2023 21:27 UTC