The BCRA expanded the options for paying financial debt and making capital contributions from importing companies.
The Central Bank of the Argentine Republic (BCRA) this day expanded the options for payment of financial debt and the realization of capital contributions from importing companies. They assured that this measure is “without affecting their access to the exchange market for foreign trade operations.”
“Companies may make capital contributions or enter financial debt into the country through the capital market when the repayment of these foreign currency settlements is also carried out through the capital market,” the monetary authority said in a press release.
The measure was ordered by the BCRA Board of Directors in its meeting this Thursday, in which it was detailed that the rule will cover the liquidation of bonds, negotiable obligations and repatriations of capital and income associated with direct investments that enter from October .
“Companies that use this form of income must do so with the condition that the capital payments or the repayment of contributions are for at least one year and, In the case of ON (Negotiable Obligations) placed in the local market, they have a two-year grace period.“, explained the Central.
“In these cases, there will be no incompatibility to access the exchange market to carry out foreign trade operations,” the monetary organization completed.
Source: Ambito
