Milei’s Tax Cut on Crops Quickly Lures $7 Billion Into Argentina
The article discusses the impact of Milei's tax cut on crops in Argentina, which has led to a significant influx of dollars into the country's currency market. According to the article, the tax cut has lured $7 billion in grain purchases, leading to a surge in dollar inflows. The increased dollar supply has prompted calls for the government to start rebuilding its stock of hard-currency reserves, which had been depleted by selling more than $1 billion last week. The article suggests that the tax cut has been a successful move, attracting more investment and bolstering the country's financial position. Overall, the article highlights the positive economic impact of Milei's policy decision and the potential for Argentina to strengthen its foreign exchange reserves as a result.
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