From this week There is no more the limit of US $ 200 for the purchase of dollars for treasurement of human peoplewhich was in force since 2019. In addition, the regulations that prevented the officer to access those who had bought dollar MEP or CCL, and vice versa were eliminated.
For this segment only 30% surcharge remains for tourism and credit card purchases abroad. This decision was questioned by several economists for their little direction in this new scenario, in which travelers can already change dollars in the official market and then pay the card with those “green” tickets, saving the tax. However, there are those who mark that the surcharge in question has a relevant collection end for treasure.
Companies must continue waiting for the end of the stocks
For companies there was more flexibility of the stocks than a liftingwith the exception of exporters, importers and banks, which already had total freedom. This is since, on the one hand, they will be allowed to turn Dividends Without prior notice for exercises started from 1/1/25, so only in 2026 would begin that flow to demand currencies. In parallel, for retained dividends prior to 2025 and for the debt of importers prior to December 2025, they will issue BOPREALES.
In addition, legal persons The boundaries to the purchase for treasure, parking and cross restrictions will continue standing between the officer and the financial ones. This last point with a caveat: the 90 -day deadlines are reset as of today and do not count backwards, but they define the permanence in each market forward.
“Some companies will choose the official exchange rate (with more flexible access to import and free route for new dividends) and that implies that stocks (dividends or old debts) remain trapped, so the BCRA advanced that it prepares a new bopreal in CCL) “, explained in this regard the Consultant 1816 In a report.
What do analysts think and what was the first reaction in the market?
Before consulting Scope On this differentiation between companies and individuals, Pedro Siaba SerrateHead of Research & Strategy in Portfolio Personal Inversiones, said that “it seems a successful measure, and in the right direction.” “I think it is intended as a first step to get the remaining restrictions in a few months. By starting the market, it is clear that market reception is very positive. Despite maintaining those restrictions, the liberation of natural persons helps compress the gap, “he said.
Indeed, The first operations in the different exchange markets show a tendency towards contributions. While the officer operates at $ 1,180, the financial ones are located in the $ 1,220 area. From the banks they told this medium that what is seen is a volume of transactions similar to that of previous wheels, only more channeled in the officer than in the stock exchange rates.
“The lifting of the restrictions will change (even when some aspects to solve such as the accumulated dividends stock) are left It impacts very positively on the Argentine Equity on two fronts: one direct and one indirect, “they said from Invest in the stock market (IEB).
The direct channel refers to that Argentina can now be categorized as an emerging marketwhich could increase the flow in a shallow market by 50% such as domestic variable income. Likewise, the indirect channel mentions the expected recomposition of reserves for the dollars from the International Monetary Fund (IMF) and other organizations, which, which It is estimated to decrease the country risk.
Source: Ambito
