Ámbito was able to access the data from the investigation of the organization led by Guillermo Michel, which reveals that in some 1,472 operations the firms did not bring the foreign currency to the country. With those dollars you could pay the due date at the end of the month with the IMF.
Customs monitored on foreign trade operations and detected that in some 1,500 cases the companies did not carry out the liquidation of the currencies in the corresponding periodwhich represents a loss of more than US$3,000 million for the Central Bank of the Argentine Republic (BCRA). Ámbito was able to exclusively access the data of this survey that details the level of non-compliance sector by sector. According to official sources, these firms will not be able to access imports to official listing until their situation is regularized.
At a critical moment for the BCRA’s holdings, the Government seeks to tighten controls on foreign trade as much as possible. Since Guillermo Michel’s arrival at Customs last year, the agency has focused on different maneuvers, such as the use of express precautionary measures to bring merchandise from abroad despite not justifying the urgency, under-invoicing of exports and over-invoicing of imports , among other.
In this case, the focus is on firms that exported but then did not liquidate the currencies in the country. Ámbito was able to access a detailed report that reveals that this operation was applied in 1,472 cases for about US$3,056 million. The total figure exceeds, for example, the maturities that Argentina must face before the end of the month with the International Monetary Fund.
Last Tuesday, in an interview with the C5N news channel, the Minister of Economy, Sergio Massa, had anticipated that those who do not liquidate the currencies of their exports in time and form later they will not be able to go to the single free exchange market to import. As this medium was able to confirm from official sources, this will be implemented through a control in the Import System of the Argentine Republic and in this way they will be prevented from registering the declarations.
sector by sector
The survey carried out by Customs reflects that The sector with the most cases of non-compliance is the manufacturing industry, with 716 operations for a total of US$1,088 million. He is followed by trade wholesale of cars and motorcycles, which registers 416 cases but for a greater volume: US$1,428 million.
Then the Agriculture, Livestock and fishing with some 155 operations and some US$290 million unsettled, transportation and storage services with 51 cases for US$83 million and professional and technical services with 28 sales for more than US$42 million. The list also includes companies from the mining, construction, communications, health and leisure sectors.
The bulk of defaults is explained by operations of more than US$1,000,000, which accumulate 88% of unsettled currencies. Then, there is a group of sales of up to US$500,000, which together represent 6.37%, and finally those between US$500,000 and US$1,000,000, which reach 5%.
Source: Ambito
