The central bank has resumed stimulus for crop sales

The central bank has resumed stimulus for crop sales

We are talking about “fixed term farmers”; Limits were removed for continuity

Central Bank (BCRA) President Miguel Pesche
Central Bank (BCRA) President Miguel Pesche

Then, according to the President Central Bank (BCRA), Miguel Pesche, The equivalent “delay” of about $ 2.5 billion is related to the settlement of soybeans, the subject has improved the so-called. Fixed-Term Farmers Constitution Conditions, Removal of Renewal Limits. Last week, on the show Toma y Daca, on AM750, Pesche expressed the bank’s intention that the producers “Find a convenient way to get rid of your soybeans.”

We must remember that in May of last year, agricultural exports amounted to 4,231,717,716 US dollars, which is a record level for this month and 33% more than in April last year. Meanwhile, the accumulated figure for 2022 is already $ 15,329,592,490.

“Chakarero fixed conditions can be set by people and companies engaged in agricultural activities and their activities are related to the cost of grain or oil seeds and the price of the US dollar. The established condition is that the amount does not exceed twice the total value of sales registered this year. “ Indian.

The novelty was mentioned: “The BCRA has ordered that current term investments be allowed to be renewed with the amount to be collected at maturity, regardless of this limit, to maintain the incentive to sell the crop.”

Banco Nación option

In this framework, This was announced by the Bank of Argentina (BNA) Takes the investment option for agriculture in the form of time deposits related to dollar price volatility.

This financial instrument will enhance the benefits for agricultural investors, as they have allocated $ 25.9 billion since the start of operations. This savings tool is an incentive for one of the main sectors of the country to generate dollar revenue. Indicated in the subject.

As you know, an investment instrument for this term with variable pay “The interest rate on invested capital is calculated based on the volatility of the dollar price. Two working days before the expiration date, two working days before the expiration date. If the variation is negative, a zero rate will be used. “

Finally, they explained that the invested capital is in pesos, tied to the dollar, and the placement period is at least 60 days, and Up to a maximum of 370 days, with a minimum amount of $ 1,500 and a maximum amount of $ 500,000,000As of November 1, 2019, registered grain or oil seeds, as indicated, should not exceed twice the total sales of the deposit holder.

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Source: La Nacion

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