Fausto SpotornoEconomist and ex -male of Javier Milei, said that the IMF loan and the president’s latest measures have a goal: “Go dollarizing the economy”. In addition, he said that the announcement “Savings repair” It is not a bleaching of dollars, but a plan of seventization of the economy.
“The president wants to dollarizing the economy because he believes it is the only guarantee that inflation in Argentina does not reappear“He said Spotoral in radio statements.
To differences from many economists, Spotorno does not believe that “savings repair” measures have been taken by a missing dollars, but for another need: the remumination of the economy. “The purchase of dollars is not a priority. The agreement with the IMF allows (to the government) to buy dollars and there could be. What the government wants is to monetize the economy and be monetic in dollars“, considered.
The doubt is why it does not drive that monetization be in pesos, instead of dollars. For Spotorno it is due to the policy to lower inflation, the highest priority of Milei today. “What the government is needing is to moneture the economybut he does not want to do it in pesos for fear that he will not finish down (inflation), “he said.
Measures to encourage the use of “dollars in the mattress”
The person in charge of giving the details was the head of Arca, JUan Alberto Pazo. He announced that the information regimes will be repealed by which businesses must inform all the operations they carry out. Nor will the sales of used cars, the expenses less than $ 32,000, among other operations, will be reached. Notaries and real estate agents should not provide information to the collection agency.
Likewise, the amount was raised from which Arca will control transfers, which will be up to $ 50 million, and the cash withdrawal will be up to $ 10 million. Natural persons may agree on fixed term deposits up to $ 100 million and the legal ones up to $ 30 million without verification of the entity. While banks will be forbidden to demand a sworn statement from their clients.
“Dollars in the mattress”: one by one the measures
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Informative regime for purchases with debit card, credit and virtual wallets for personal consumption. Until today, credit card administrators inform Ark all the purchases made by a person using that means of payment. From now on they will not inform themselves, so the amount of personal consumption will be protected as all private information.
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The CITI ESCRIBERS (computer crossing of important transactions), an information system implemented by the EX (AFIP), through which the notaries had to report monthly notarial operations. From now on, notaries should no longer report any operation to Arca.
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The informative regime of purchase and sale of used vehicles (shot). From now on, concessionaires should not report any operation to Arca.
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The informative regime for payment of expenses (today reported from 32 thousand pesos). From now on, consortium administrators must no longer report the payment of expenses to Arca.
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Code of Property Transfer (Coti). From now on, the seller of a property or the real estate agent must not report more to Ark when he puts the property for sale
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The relevant consumption regime of electricity, water, gas and telephony. From now on, public services and telephony providers must not report such consumption to ark.
In addition, banks will be prohibited from requesting national tax DDJJ, being able to refuse and go to consumer defense if necessary.
In another sense, the amounts of the thresholds for the report of financial operations will be updated as follows:
Bank transfers and accreditations
Before: 1 million pesos 50 million pesos
NOW: 30 million for legal persons
Cash extractions
BEFORE: It was reported from any amount.
NOW: 10 million pesos / 10 million for legal persons
Balances on the last day of the month
BEFORE: Between 700 thousand and 1 million pesos (depending on the type of account)
NOW: 50 million pesos (for any type of account) / 30 million for legal persons
Fixed deadlines
BEFORE: 1 million pesos 100 million pesos
NOW: 30 million for legal persons
Transfers and accreditations in virtual wallets
BEFORE: 2 million pesos
NOW: 50 million pesos / 30 million for legal persons
Huits in Alycs
BEFORE: All amounts were reported
NOW: 100 million pesos / 30 million for legal persons
Commercial information
BEFORE: Final consumer purchases 250 thousand pesos effective / 400 thousand pesos in another means of payment
NOW: 10 million pesos / 10 million pesos
Source: Ambito
