One of the requirements is that companies have registered their debts in the “Register of Commercial Debt for Imports with Foreign Suppliers.”
Last Wednesday, the Central Bank together with the Ministry of Commerce reported that the access to the exchange market to nearly 10,000 companies within the micro, small and medium category (MSME) that have declared debts of up to US$500,000 so that they can cancel all of their commitments abroad in the next three months. In this context, through Communication “A” 7952/2024 Published in the Official Gazette, the announcement was made official.
Financial entities will be able to give access to the exchange market to their clients as of February 10 for the payment of debts for imports of goods and services prior to December 13, 2023. One of the requirements is that companies have registered their debts in the “Register of Commercial Debt for Imports with Foreign Suppliers.” It is worth remembering that according to the latest report, all net debts were recorded for US$42.6 billion, of which About US$8.5 billion were declared canceled without access to the exchange market. The analysis of the recorded information revealed a high atomization of the debt. In that context, this measure was ordered.
Payments made within the framework of this mechanism, in all entities and for all concepts, do not exceed the equivalent of the amount declared in the aforementioned register and additionally:
- do not exceed the equivalent of USD 50,000 (fifty thousand US dollars) until March 9, 2024; and
- do not exceed the equivalent of USD 150,000 (one hundred and fifty thousand US dollars) until April 9, 2024.
Bopreal: settlement to the CCL dollar to pay debts abroad
According to the document, importers of goods and services that have acquired Bonds for the Reconstruction of a Free Argentina (BOPREAL) in a primary subscription, carry out sales of securities with settlement against wire on a third party account abroad, as of the April 1, 2024As in:
2.1. The market value of these operationss does not exceed the difference between the value obtained from the sale with settlement in foreign currency abroad of the BOPREAL bonds acquired in the primary subscription and their nominal value, if the first is lower, and
2.2. The accounts to be credited They are not located in countries or territories where they do not apply or the Financial Action Task Force Recommendations are not sufficiently implemented.
Source: Ambito
