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Dollar: Tariff grant recipients will not be able to purchase foreign currency on the official market

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Dollar: Tariff grant recipients will not be able to purchase foreign currency on the official market

dollar dollar banknotes dollars cash currency united states banknote one hundred dollars currency dollar note notes photo: SA

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The central bank confirmed on Thursday the restriction on dollar purchases in the official market for those who receive subsidies to pay their utility bills such as electricity, gas or water and sewage.

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In this way, the beneficiaries of the tariff concessions will not be able to access the “savings” dollar, as anticipated by Clarín last month, nor the stock dollar (MEP) and the Contado con Liquidación (CCL), which are operated through buying and selling bonds. on the financial market.

“Users who benefit from the subsidy in the public service tariffs will not be able, while supporting this benefit, to make purchases of foreign currency, due to a provision of the Central Bank of the Argentine Republic (BCRA)”, confirmed the institution in a statement .

“The Board of Directors of the BCRA has established that users of natural gas supplies through the grid, electricity and drinking water, while receiving a contribution in some or all of these services, cannot access the official market or carry out transactions for and other securities with settlement in foreign currency “, he concluded.

Source: Clarin

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