As of this Friday, new limitations for access to the official exchange market for CCL and MEP dollars come into effect. These are the news.
The Central Bank (BCRA) ordered this Thursday new controls for importers, effective from this Friday May 12, regarding the possibility of accessing the official exchange market (MULC). Through Communication “A” 7766, it established a measure that, as explained to Ambit the economist expert in foreign trade, Federico Vacarezza, “is intended to have a better monitoring of foreign trade operations carried out by related companies.”
“What the regulations established is that, from today, the exceptions that allowed advance payments abroad they must have zero in the term of access to the MULC (they are no longer exceptions as a general rule) and extends the prohibition of access to that market to legal entities of the same economic group that carry out operations in the market Dollar Cash With Settlement (CCL) or MEP”, details the former director of National Imports, Esteban Marzorati.
The cases in which the measure applies
The measure, as the foreign trade expert clarifies, refers to deferred payments and not sight/advance payments, as is clear from the regulation, but it clarifies that “we will have to see how the banks interpret it”. Likewise, he explains that the term should only affect 20% of the deferred payment, since the communication refers to post-nationalization payment.
Thus, in these cases, the restriction that prevents access to the MULC for having operated CCL or MEP in the days prior to the request is extended to 180 days and, in the case of individuals or legal entities that exercise control over the company only It will apply for operations carried out since April 21, for those carried out previously, the 90-day term remains in force.
Let us remember that, recently, the BCRA ordered that those investors who want to buy dollar CCL via bonds issued under foreign legislation in the stock market They cannot have operated in the MULC during the previous 180 days and they cannot do so for 180 subsequent days (until now, both terms were 90 days).
New mechanism to access the dollar
On the other hand, Marzorati details that, “the mechanism to account for the days in which they cannot operate in the financial dollar market (CCL or MEP) is modified for exporters who want to make use of the possibility of liquidating foreign currencies abroad. of the MULC, through those parallel dollars for up to $12,000”.
Thus, based on this regulation, this period will be calculated from the date on which the mechanism is requested and not from the day of access to the exchange market for those cases and the same will apply to those that demonstrate an increase in exported values. through the certifications created for this purpose.
Source: Ambito
