As this medium was able to learn, they will be given a remunerated account in pesos in exchange, which will be adjusted based on the official exchange rate. This is a complementary measure to the obligation to part with dollar bonds.
Official sources confirmed to Ámbito that public bodies that have accounts in dollars must settle those currencies to the Central Bank. In return they will receive pesos that will go to remunerated accounts that will be updated according to the value of the dollar. This is a measure that comes to complete the reorganization of intra-State liabilities that the Ministry of Economy announced yesterday.
Although the resolution has not yet been published in the Official Gazette, it is expected that in the next few hours the initiative that will force public organizations to part with their dollar bonds will become official. Senior government officials told Ámbito that the currencies that state agencies have in their dollar accounts will also be pesified.
It is mostly about funds that correspond to programs financed by multilateral organizations of credit, such as the Inter-American Development Bank (IDB) or the World Bank, among others. Usually, as the execution progresses, these offices exchange the dollars for pesos to specify the expense.
The idea is that now all these currencies are immediately liquidated to the Central Bank. In exchange, the distributions would be granted a remunerated account in pesos that will be adjusted according to the advance of the official dollar, which in the jargon is called “linked dollar.” The measure aims to obtain foreign currency for reserves.
The first antecedent of a measure of this type was marked by Silvina Batakis in her fleeting visit to the Palacio de Hacienda. At that time, she spoke of ordering the dispersal of resources through a “single account”, something that until now could not be specified. Later, this medium was able to account for requests from the Monetary Fund that went in that direction.
NOTE IN DEVELOPMENT.-
Source: Ambito
