“The reopening of opportunities for tourism and work abroad will boost balances in the coming months, especially if the value of the dollar ‘card’ is below the value of the dollar that consumers can access”, indicated Guillermo Barbero, partner of FIRST CAPITAL GROUP.
In general terms, credit card operations reached $ 1,127,814, which means an increase of 3.4% compared to the end of last month, about $ 37,265 million above September, and also above expected inflation, being the third consecutive month with positive variation, showing a slowdown in its growth compared to the previous months, according to the FIRST CAPITAL GROUP report.
The interannual growth reached 41.8%, a value close to the inflation of the year and is placed in the third place of importance after the line of pledge and personal loans.
“The month of October is singularly important for commerce due to the influence of` Mother’s Day` on sales, this added to the inland tourism generated by the bridge holiday, which promoted the use of plastic money. However, we must highlight that the monthly variation of this October has been lower than the variation, also positive, of the month of October 2020 “, Barbero assured.
In mid-September 2020, the monetary authority imposed regulatory changes, which included control and monitoring regarding the economic capacity and income required to open new savings banks in foreign currency, and limits to the access of joint owners to the purchase of foreign currency for the formation of foreign assets.
In addition, it established that payments made for consumptions in foreign currency with credit and debit cards are taken into account in the monthly quota of u $ s200 per person and determined that those who are beneficiaries of social programs will not be able to access the exchange market.
Source From: Ambito
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