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Argentina déjà vu: companies put a foot on the brake and stop selling until the dollar calms down

2020-10-16T15:43:00.237Z


As happens every time the dollar shoots up and imports close, suppliers no longer take orders.Natacha Esquivel 10/16/2020 12:27 PM Clarín.com Economy Updated 10/16/2020 12:34 PM Formal notes by mail, informal by Twitter, calls. In recent days, as alternative dollars rose, exchange rate tension increased and barriers to imports increased, suppliers began to communicate with their clients to warn that "for now we are not selling . " There are examples in all areas, from electrical to graph


Natacha Esquivel

10/16/2020 12:27 PM

  • Clarín.com

  • Economy

Updated 10/16/2020 12:34 PM

Formal notes by mail, informal by Twitter, calls.

In recent days, as alternative dollars rose, exchange rate tension increased and barriers to imports increased, suppliers began to communicate with their clients to warn that

"for now we are not selling

.

"

There are examples in all areas, from electrical to graphics, through construction materials.

"We want to inform you that all the orders entered on the date plus those that may enter in the next few days will be taken on a provisional basis,

until the confusing panorama in which we are developing is clarified a bit

, due to the impossibility that we are finding to make our supplies of raw materials and components from abroad, "electrical products manufacturer Cambre informed him on Thursday.

Good afternoon clients and friends.

This week we will not be quoting or delivering irons and plates (except for stockpiles) because we do not know the cost of their replacement.

Excuse me, our goal is always to sell more and at the best price.

Greetings.

pic.twitter.com/yZbVHKULjj

- Corralón Ciudadela (@CorralonC) October 13, 2020

Those that produce with imported parts or parts or directly sell products that come from abroad, are experiencing a double effect, which is not less traumatic: a

tourniquet on imports and the widening of the gap

between the official dollar and the parallel ( around 120%, an unprecedented value), which makes everyone put their foot on the brake before a possible devaluation.

Every so many measures that the Central Bank announces has a couple aimed at limiting access to the official market for importers.

This also happened with those announced on Thursday, through Communication 7138.

"For months the supply of raw materials, both locally and internationally, has been complicated and our production capacity exceeded. That is why we are 

forced to suspend the taking of new orders

in order to regularize production and delivery of pending and fulfill all the orders already entered, "the cable company Kalop informed its customers.

The company added that when they take orders again, they will communicate "the new commercial conditions."

okay, geniuses.


I have just received this email from my main supplier,


unfortunately I am forced to suspend sales until further notice.

pic.twitter.com/Nfa38HcgZz

- Ariel Mesch (@mesch) October 16, 2020

On Twitter, you could also see the complaints about the suspension of sales of several providers.

From the Corralón Ciudadela, which sells construction materials, it was reported that "this week we will not be quoting or delivering iron and sheets (except stockpiles) because we do not

know the cost of their replacement

."

Construction products or home appliances entered a risk zone a few weeks ago, as the uncertainty over the dollar is compounded by greater demand.

For people who have dollar bills, the cost of building and renovating their house has been greatly reduced.  

The blue dollar this Friday continues to rise -around $ 172- and the same happens with alternative currencies, such as cash with liquid and the Stock Exchange dollar.

Without a horizon of calm, the economy begins to stop.

Small businessmen prefer not to sell to undercapitalize and the country continues without starting and the exit from the crisis becomes slower.

NE


Look also

Martín Guzmán confirmed that there will be no devaluation and said that the parallel dollar "does not represent the reality of Argentina"

Dollar: blue jumps to $ 174 and cash with liquid continues to rise

Source: clarin

All business articles on 2020-10-16

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