Dollar: BCRA enables importing SMEs to use hedging instruments

Dollar: BCRA enables importing SMEs to use hedging instruments

October 26, 2023 – 15:34

They may do so from the moment of dispatch to the place and until the date of payment, for up to the total amount, indicated the monetary authority.

Ignacio Petunchi

The Central Bank (BCRA) enabled small and medium-sized companies (SMEs) that import inputs and capital goods for their productive activities to constitute a demand deposit remunerated by the variation of the official dollar (known as dollar linked).

They may do so from the moment of dispatch to the place and until the date of actual payment, for up to the total amount of the payment that must be made, indicated the monetary authority.

Financial institutions They must offer this product on a mandatory basisaccording to the measure ordered this Thursday by the Board of Directors of the Central Bank.

In this way, the SMEs will be able to have “simple and easy access coverage.” SMEs must process the account in the same bank with which they carry out foreign trade operations.

Source: Ambito

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