Equities: the Central Bank modifies access to the dollar for importers

To try to stop the bleeding of currencies, the The Central Bank launched on Monday a series of measures that modify access to the official dollara for SMEs and large importing companies. The decision was made by the Minister of Economy Martín Guzmán in radio statements,

Via communication A 7532the body chaired by Miguel Pesce change the conditions through which companies can access the official dollar to carry out foreign trade operations. The measures will take effect on Monday.

“The regulations for immediate access to foreign currency for SMEs were relaxed up to 105% of the imported value last year. There are multiple currencies for SMEs and the rest matters everything that is on credit“, Martín Guzmán advanced in radio statements.

This is an unprecedented event: It is the first time in this administration that the Minister of Economy anticipates the decisions of the Central Bank, without the spokespersons of the monetary authority being responsible for drafting the official communication in advance.

The head of the Palacio de Hacienda also advances: “With non-automatic licenses they will be able to do it access instant access up to 105%the rest get a credit for 185 days. “At the same time, he stated that:” The list of luxury goods and the rules for accessing foreign currency for the import of capital goods and services are updated. ”

“The logic is to prioritize the use of foreign currency to strengthen reserve accumulation and what is not a priority. This, more than import control, is to see who I give direct access to,” Guzmán assured.

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