According to the official text, this allows exporters to use the proceeds from their exports to pay financial debts abroad under certain conditions.
Access to the dollar: BCRA updates requirements for exporters and financial entities
Through Communication “A” 7994/2024 of the Central Bank (BCRA) and published this Monday in the Official Gazette, changes related to financial operations and changes in the foreign market.
In this context, a new point is incorporated into the “Exterior and changes” rules. This point establishes that, as of April 19, 2024, exporters may use the proceeds from their exports of goods and services to pay the capital and interest of financial debts abroad.provided the following conditions are met:
- The average life of the financial debt abroad is no less than 3 years.
- The first capital payment of the financial debt abroad is not recorded before the year of receipt of the funds.
According to the official text, this allows exporters to use the proceeds from their exports to pay financial debts abroad under certain conditions.
Likewise, they allow local financial entities to pre-pay foreign financial debts by settling new debts from foreign credit lines, also under certain conditions.
It is important to highlight that the BCRA has reported that the sheets that must be incorporated into the “Exterior and changes” regulations will subsequently be sent to reflect these new provisions.
Source: Ambito
