How much will the fixed terms pay from tomorrow

They seek to encourage the placement of savers, but also of large companies and sectors of agricultural production

The Fixed deadlines From Monday, May 18, they will have a minimum guaranteed rate of 70% of the Monetary Policy Rate, which is equivalent to a rate of 26.6% nominal annual or 30.1% effective annual.

The Central Bank modified the regulation on fixed terms that governed only for deposits of less than $ 4 million, from retail savers to expand the collection of pesos.

Through Communication A7081, this rate guarantee was extended to all the fixed terms of human or legal persons that are established as of May 18, 2020.

Fixed terms for agriculture

Also, financial institutions may offer Variable Interest Deposits (DIVA), linked to the price of cereals and oilseeds, to agricultural producers for an amount up to twice the total value of sales of cereals and / or oilseeds registered as of November 1, 2019.

They encourage agriculture to set fixed terms.

The measure guarantees the value to exporters who liquidate their crops.

In the same communication, the BCRA established that companies that maintain a stockpile of their wheat and / or soybean production for more than 5% of their annual harvesting capacity will not be able to access financing for working capital at a rate maximum annual interest rate of 24%

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Written by Argentina News

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