For analysts, the new soybean dollar will bring foreign currency but will add more gasoline to inflation

"

", defined the economist Andrés Borenstein, from Econviews, referring to the new edition of the soybean dollar that Minister Sergio Massa announced this afternoon and that establishes

for exports that are liquidated until May 31 in the case of the oilseed and until August 31 for the regional economies.

The measure raised criticism among the agricultural sector and also among analysts.

Borenstein warned that one of the risks of insisting on this path that Massa already tried in September and December 2022 is that to cover a hole they create a bigger problem in the future.

"The soybean producers, CIARA (the chamber that brings together exporters) and the regional economies are going to sell them for $300, but

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"Another problem is the 90 pesos difference between the $300 and the $210 at which the Central Bank is going to sell those dollars. If the Central buys US$10,000 million at this price, it has to issue $900,000 million and that

Borenstein explained.

And he added that the regional products that are sold in this new dollar "will rise in price in the domestic market. Who is going to sell at $210 when they can export at $300? This adds more gasoline to inflation and

This measure is only to make the April numbers look better."

For Gabriel Caamaño, from the Ledesma consultancy, "

, at the same time, so as not to have to face a potential disorderly adjustment today. And even so, we are going to pay a good part of the nominal costs the same" .

"With each ad-hoc unfolding there is a new jump in the issuance and in the remunerated liabilities of the BCRA, in addition to the introduction of new relative price distortions in the productive chains. There is more present inflation and more costs to stabilize more slowly

".

Juan Pablo Ronderos, founding partner of MAP, "this set of decisions

. 

"The measures will surely buy air. But only for a few weeks. Surely towards the middle of May or the beginning of June

."

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