Argentine minister announces new dollar rate for winemakers
Argentina’s economy minister, Sergio Massa, told the country’s winemakers’ association he would provide a favourable exchange rate for them, as the Central Bank of Argentina (BCRA) looks to bolster its reserves.
The move builds on the “soy dollar” initiative last year, which offered a premium rate for dollars earned by soy exporters. The first soy dollar programme attracted $5 billion to the BCRA’s reserves.
Speaking on March 4, Massa said the measure would help winemakers improve their
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