Flavia Royón, Secretary of Energy.
The Central Bank it will ban access to the savings dollar to those people who receive subsidies to pay their public service bills such as electricity, gas or water and sewer. The measure could be announced this Thursday after the monetary authority’s council meeting and aims to prevent the use of US $ 200 at the “solidarity” exchange (official plus tax) to those who believe they benefit from state transfers in order not to pay the full cost of energy.
The official criterion is that the use of the savings dollar is taken into account Foreign Business Formation (FAE). The decision was confirmed Thursday by two sources of the economic team, including the Central, and could be made official in the next few hours or next Thursday, when the board of directors of the institution will meet again. “We prohibit access to dollar savings for those who receive state subsidies “, confirmed official sources.
The BCRA authorities are working on the cross-fertilization of their database with which the Secretary of Energy, led by Flavia Royón, manages. Nor is it excluded that people asking for dollar savings have to do so complete an affidavit before doing the operation. At a press conference, Royón announced the new subsidy removal regime last week, but he did not mention this measure.
“As for the continuity of subsidies in a home, yes, it can affect access to the savings dollarwe believe that access to the savings dollar shows a way to outsource wealth which, in principle, could be incompatible with access to a grant “, known sources of energy. The Central Bank is competent to regulate access to savings in dollars, it is analyzing the situation, which is why there are no official announcements.
In June, some 885,000 Argentines asked $ 577 million at the “savings” or “solidarity” (official plus tax) price, according to data from the Central Bank’s Foreign Exchange Market Evolution Report (BCRA).
(Developing)
Giovanni Manuel Barca
Source: Clarin
