What is known and what will be the changes?

For this, there are already open negotiations between the central bank with the banks to analyze the new cost scheme and the distribution of that burden between financial institutions, the State and the businesses that adhere to it.

This last part of the chain – the relationship with commercial chains – is negotiated directly by the Commerce secretary.

The keys to the “new Now 12”

The secretariat technicians, in addition to negotiating the financial guidelines of the new plan, are evaluating different names to replace the “Now 12.”

Officials want the relaunch to be with a decrease in the interest rate. Until November, the last month in which it was active, the “Now 12” It had an annual nominal rate of 71.5%. The total financial cost exceeded 140% annually.

The idea is that this cost is reduced significantly, in line with what is applied by Luis Caputo and the Central Bank in recent weeks.

According to official data, andl “Now 12” It counted a total of 6.4 million operations last month. In addition to the 12 installments with a preferential rate, the idea of ​​the officials is that there are promotions with 6 “interest-free” installments.

For the relaunch, the Ministry of Commerce and the Central Bank are leading the negotiations with the Commercial chains and with the banks. They seek to agree on the distribution of financial burdens between the State and the private sector.

New “Now 12”: what products could be included

The incentive, they say, is that the new “Now 12” will open the doors to improved sales during the recessionary cycle of the economy.

According to the official view, the drop in sales will have a special impact on items such as white goods and small appliances. The implementation of the six interest-free installments will be aimed at them.

The idea, however, is that the relaunch of the “Now 12” include other items: bicycles, low-displacement motorcycles and televisions.