The Minister of Economy, Luis Caputoyou will have to work enough to convince the public that Use your dollars for usual operations in the economy. People prefer to keep the American tickets and pay the supermarket with pesos. The data on consumption with Credit cards in a month provided by the Central Bank can be revealing: for each 100 pesos that are spent with plastics only 4.5 are made in foreign currency.
In April, financing with cards in national currency reached The $ 18.7 billion, while those made in the American currency reached U $ S744 million, those equivalent to about $ 780,000 million.
According to the Fund Administrator First Capital Group, Last month the dollar operations grew 19.4% monthly and 76.7% year -on -year. “This evolution was accompanied by greater flexibility in change operations, that facilitated both purchases abroad and local transactions in dollars, ”says the company.
The private report also states that “there was a strong increase in the appropriate loans called in dollars, mainly associated with the acquisition of agricultural machinery ”.
The use of dollars for usual consumption It grows, but is far from overcoming weights. In March was US $ 623 million, with an increase of 80.1%. In February had risen 122.9% with a balance of US $ 778 million, which represented a 10% decline compared to January.
Far from dollars to remoteization
The Government seeks this year that The economy is “remonexized” in dollars. This means that if the GDP grows at 5%, 00 that expansion It is carried out with foreign currency, instead of pesos, so as not to have to issue and increase the monetary base.
It seems a difficult goal to meet. On December 18, the Customs Collection and Control Agency (ARCA) ordered that businesses can bill in dollarsalthough the taxes associated with them are settled in Argentine currency. That is, a merchant can receive dollars but pays VAT and gross income in pesos at the current exchange rate. On April 15, the schedule was completed for those who invoice through the Ark Web Service.
In that way, everyone is willing to make the system operate in dollars. Only virtual wallets remain, which currently work to adapt to the trends emanating from the Casa Rosada. CVU cannot yet be done in dollars or pay with QR codes in foreign currency.
Although everything was prepared, even allowing to associate Special bleaching accounts to debit cards for That could be consumed, in fact, there were almost no operations, according to banking sector sources.
Source: Ambito
