Macroeconomy/Finance

Agricultural dollar: warns that 79% gap with blue complicates export

The gap between the “blue” dollar and the official retail exchange rate stood at 79% yesterday. Given this scenario, economists and foreign trade experts warn that the various exchange rates are discouraging export decisions. Soybean producers are receiving 60% less than what their goods would be worth if the dollar were free and if there were no withholding taxes. The current sales flow is deficient, and that reduces the milling of soybeans. In June it fell by more than 15%, and in July it is expected to fall further, so there will be less tax revenue from withholding taxes.

Source: Ámbito

Categories: Macroeconomy/Finance