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Govt Considering Special Exchange Rate For Soy Exporters In September

ARGENTINA
  • The Argentine government is considering a special, temporary exchange rate for soy exporters in September in a bid to boost its dollar holdings and cash reserves at the central bank. (BBG)
  • Earlier reports noted the mechanism put in place to encourage soy farmers to sell dollars in the official exchange market will end today, though part of the latest soybean harvest remains unsold.
  • The government had been expected to announce a new plan to create FX incentives for producers.

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