Foreign tourism will be able to exchange their currencies at MEP dollarwhich this Thursday exceeds $325.
On the other hand, the Minister of Economy Silvina Batakis It also announced new measures to ease payments for imports of inputs and goods that the private sector claimed as a priority to continue its production.
Dollar for foreign tourists: what measures did the Central Bank take
The Government, through the Central Bank, will allow foreign tourists can exchange their currencies at the price of the financial dollar, with the objective of promote the entry of those dollars into the formal market and discourage the parallel market.
In this way, those foreign tourists who prove they have entered the country will be able to sell up to US$5,000 at a financial exchange rate similar to the MEP dollar price of the day.
“At the meeting it was resolved to facilitate the liquidation of foreign tourists’ currency, according to an official statement. The measure that the Central Bank will adopt will allow the sale of foreign currency in entities authorized to operate in the exchange market with the presentation of the identification documentation used to enter the country. The maximum amount allowed by this mechanism will be up to 5,000 dollars. The exchange rate will be the one that arises from operations in the financial market. the statement specified.
Foreign tourists: what will be the operation for the sale of dollars
As indicated by the Government, tourists must present themselves with their passport or document at authorized public and private financial entities, such as banks and exchange houses. Those entities under regulation of the Central Bank will also be included.
There they will be able to change up to US$5,000 per person, or its equivalent in reais or another currency. On Thursday, after the Cabinet meeting at Casa Rosada, Tourism Minister Matías Lammens had anticipated that measures would be taken regarding access to foreign currency for tourists who come to the country. “Argentina needs the dollars that tourists bring and thus strengthen the reserves of the Central Bank,” he said.
After consultation of Ambit At the press conference of ministers, Lammens pointed out: “Because of the exchange rate gap, many of the dollars do not enter the formal market. We are working on a system with a portfolio of alternatives so that tourists can exchange them in the free and unique exchange market.”
The meeting held this Thursday at the Palacio de Hacienda, also had the participation of the Minister of Labor, Claudio Moroni; the Legal and Technical Secretary of the Presidency, Vilma Ibarra; the president of the Central Bank, Miguel Pesce and the head of the AFIP, Mercedes Marcó del Pont.
The president of the Bank of the Argentine Nation, Eduardo Hecker; the head of the National Securities Commission, Sebastián Negri; and the chief of staff of the Ministry of Productive Development, Camila Cabral.
During the meeting, more actions aimed at improving the conditions of access to the foreign exchange market were also decided. The proposed measures will serve to pay for imports of inputs for strategic sectors, with the aim of guaranteeing the continuity of production processes.
The measure that the Central Bank will implement will allow the payment of inputs in transit, which were shipped at origin, until June 27, 2022, and have arrived in the country with SIMI valid until that date.
Source: Ambito
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