They launch new requirements for banks and companies

He dollar differential For the entire export complex, it came into effect on Tuesday and extends until November 17. However, in the last few hours, the Government continues to establish guidelines to follow not only for companies., but also for banks and exchange houses. What are the points to take into account.

Exporter dollar: the news, point by point

Through the Communication “A” 7868/2023, the Central Bank indicates that it is appropriate to use the “Special accounts for exporters” – provided for in point 3.14. of the regulations on “Savings deposits, salary and special accounts” – for all foreign currency settlements that take place within the framework of Decree No. 549/23.

It is also remembered that on the page of this Institution www.bcra.gob.ar, accessing “Financial System – LEGAL AND REGULATORY FRAMEWORK – Ordering and summaries – Ordered texts of general regulations”, you will find the modifications made.

Furthermore, through Ccommunication “A” 7867/2023 It is established that:

• To the extent that exports of goods fall within the provisions of Decree No. 549/23, the obligation to enter and settle in the exchange market the foreign exchange value of the exported goods may be considered fully fulfilled when, in the conditions stipulated in the aforementioned decree, at least the percentage of the invoiced value according to the agreed sale condition provided for in Article 1, it has been settled by the exchange market and for the remaining amount the exporter has completed purchase and sale operations with securities acquired with liquidation in foreign currency and sold with settlement in local currency.
• To the extent that the funds are allocated to finance exports of goods under In accordance with the provisions of Decree No. 549/23, the obligation to enter and settle advances, pre-financing and post-financing from abroad in the exchange market will be considered fulfilled when at least the percentage of the amount collected is settled either disbursed abroad that is provided for in its Article 1 and for the remaining amount the exporter carries out purchase and sale operations with negotiable securities acquired with settlement in foreign currency and sold with settlement in local currency.
• To the extent that the charges for services provided to non-residents correspond to operations that are framed in the provisions of Decree No. 549/23, the obligation to enter and settle in the exchange market the amount of the charges received may be considered fully fulfilled when, under the conditions stipulated in the aforementioned decree , at least the percentage of the charges received as provided for in Article 1 has been settled by the exchange market and by the remaining amount the exporter has completed purchase and sale operations with securities acquired with settlement in foreign currency and sold with settlement in local currency.

Finally, with the Communication “A” 7866/2023 It is requested that banking entities, when granting access to the exchange market, “must have validation of the operation in the computer system “Single Foreign Trade Current Account” implemented by the AFIP, generated on the same day or on the previous business day.”

Exporter dollar: to whom it applies, how it is calculated and who it includes

The scheme, established through decree 549/2023, will allow 30% of the currencies to be settled at the cash settlement financial exchange rate (CCL, which was quoted this afternoon with a value of $ 945.72), while 70% The remainder will continue to be made at the price of the official dollar ($347.50).

Until now, a similar scheme was in effect but only for certain sectors (such as soybeans, the automotive industry, mining and regional economies) and with a settlement limit at the CCL value of 25%.

On the contrary, the new regime will be for all exports, including primary, intermediate, finished goods; and services, ranging from agriculture and industry to the knowledge economy. In this way, exporters will receive a greater amount of pesos than they would if they had to settle 100% of their sales at the official exchange rate. The improvement in income for exporters, in this way, will be more than 50% for those who were not included in a differential dollar scheme and 6% for those who were covered.