Vicentin's default became a matter of state for Holland because the leading banks of the European country (Rabo, ING, ABN Amro and the government agency FMO) accumulated a debt of more than u$s245 million, that is, Dutch financial entities provided 50% of the credits taken abroad by the Argentine agro-exporter.
Day: August 28, 2020
The Central Bank sells foreign currency and accumulates a negative balance of $1 billion in August.
The sovereign debt swap expires this Friday 28th and will serve as a yardstick for the interest and confidence of savers. On the exchange plane, the gradual rise of the official dollar continues, regulated by the sale of BCRA reserves that reached $1 billion in August, while the alternative quotations of the cash with liquidation and the MEP dollar dropped again. Dollars traded on the stock exchange added up to a 7% drop on four wheels.
e-commerce: the sector invoiced $4.27 billion in the first semester
In the first six months of the year, e-commerce in Argentina invoiced 314,602 million pesos ($4.27 bn), which represents a 106% increase compared to the same period in 2019. During that period, 92 million products sold through 54 million purchase orders.
Corrientes: In the province of Litoral, 700 thousand hectares have already burned.
In Corrientes, rural fires have not stopped and have already destroyed 700,000 hectares and caused losses of close to ten million dollars, according to the government of Gustavo Valdés.
Meat exports fell 6.9% in July
Beef exports fell 6.9% year-on-year last July as a result of a sharp 23% drop in market prices during the pandemic. In July, meat sales abroad reached $226.1 million, while in the same month of 2019, they had reached $243 million. In volume, meat sales abroad rose 20.9%, which could not capitalize on with fair prices. China continues to be the leading destination for Argentinean meat, and the United States was in fourth place.
