The government insists that the dollar will fall. This time, the message was addressed to representatives of the export sector and the agricultural sector. The economic team reiterated that the reduction in export duties is temporary and gave some clues about the tax reform project. 

Meanwhile, doubts persist about the sustainability of the peso appreciation scheme: outbound tourism is growing, inbound tourism is falling, and there are record visa requests to China. Spending the long weekend in Salta has become more expensive than doing so in Lima or Santiago de Chile.

Last Friday, three of Minister Luis Caputo’s closest associates visited the Rosario Stock Exchange. They did so to outline an overview for representatives of the agricultural sector and the export sector of what they define as the “third phase” of the economic program. Present at the meeting were Juan Pazo, head of Argentina’s Customs Revenue and Control Agency (ARCA, by its Spanish initials); Federico Furiase, director of the Central Bank; and Felipe Núñez, advisor at the Economy Ministry.

According to sources who participated in the meeting, the officials indicated that it is better to sell grain now because........

© Buenos Aires Herald