Argentina launches new exchange rate to increase exports, farmer sales
September 6, 2022 Comments Off
The Argentinian government has set a new foreign exchange rate for soybean complex exporters that aims to stimulate shipments, raise the central bank’s reserves and boost farmer sales. Valid Sept. 5-30, the scheme allows local exporters to liquidate their sales at a rate of 200 Argentinian pesos per 1 US dollar, more than 40% above the current official rate. It…
Argentina launches new exchange rate to increase exports, farmer sales
The Argentinian government has set a new foreign exchange rate for soybean complex exporters that aims to stimulate shipments, raise the central bank’s reserves and boost farmer sales. Valid Sept. 5-30, the scheme allows local exporters to liquidate their sales at a rate of 200 Argentinian pesos per 1 US dollar, more than 40% above the current official rate. It…
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