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Miguel Angel Pesce, the head of the Central Bank (BCRA), came out on Tuesday to explain the measures announced on Monday and seeking contain the bleeding of dollars who leave reservations due to imports.
From now on, medium and large companies will have a limit to access BCRA dollars. To pay for anything that exceeds 5% of what is imported in 2021, they have to take your dollarsthrough financing.
The official blamed the restrictions need to import energy, whose prices have skyrocketed after the Russian invasion of Ukraine. assured that the measures “They keep us from going to a strong devaluation. This is what we are looking for with this measure “.
And he is optimistic about the application of the restrictions to importers: “SWhenever the Central Bank has taken measures of these characteristics, they have been successful, We were able to rebuild the exchange balance and reserves, “he said, in an interview with the From Here to More program, from Urban game.
Pesce explained that due to the international situation, there have been a significant increase in the price of energy and this is creating balance of payments and foreign exchange difficulties. “Last month we paid for imports for $ 1,600 million and this month for $ 2,000 million. These obligations must be paid. Cash and it is taking us difficulty in balancing exchange rates“, he described.
The official explained it out of a total of US $ 8,000 million in imports, US $ 2,000 million is energy. “Right now, we ask companies to finance the increase in imports compared to last year or 2020”.
According to the government, the Central Bank is not limiting the volume of imports but “the payment level”. The goal is for the private sector to obtain funding of $ 2.2 billion “and thus prevent the volume of imports from decreasing,” explained Pesce.
The head of the central bank said there may also be “speculative maneuvers” among importers and that “we must work to avoid them”.
Over the luxury goods He explained that they have to be paid in 365 and that for some products also manufactured in the country the deadline is 180 days.
“Anyone who wants to do business with whiskey has to pay for it in a year.”
On the surge in free dollars, Pesce supported the argument that the government always repeats: it is a small market compared to the official one and any speculative movement affects the price.
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Source: Clarin
