Tourist dollar: for now the BCRA rules out changes

Tourist dollar: for now the BCRA rules out changes

“For now there is nothing defined. We are discussing these issues, obviously they are always discussed. If one looks at the tourism account in the balance of payments, the last two months had a deficit balance of $750 million, is a lot in this context. It is an issue that is discussed, there are different proposals, we study the alternatives,” said D’Attellis in dialogue with Urban Playalthough he insisted that “there is nothing defined“.

“If all these measures that we have been taking that swell the coffers of the Central Bankwhich work on the compression of the gap, cause the exchange rate gap to continue to narrow like until a few days ago. Very likely, the incentives that there were for emissive tourism will be shortened because that gap is no longer as attractive as when the tourist was well below the parallel, blue,” she added.

“If we see that this deficit in the tourism account begins to moderate, there is no problem. Otherwise, there are different alternatives and we will have to see. If that continues to grow, this economy cannot support a $1 billion tourism deficit level every month and we will have to see which is the best alternative”.

The government spokesperson, Gabriela Cerutihad advanced last week that they were analyzing changes in the card dollar, after the Minister of Economy, Serge Massareceived multiple requests from different productive sectors, particularly industries and companies, to prioritize the use of dollars for productive imports. Among the measures considered was also the possibility of generating a more expensive differential exchange rate applicable to outgoing tourism.

Source: Ambito

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