Given the low subscription this Thursday, the BRCA expanded the benefits of the BOPREAL. With this new measure, importers will have access to the official dollar for up to 5% of the subscribed amount.
Bopreal: the Government seeks to improve the attractiveness of these instruments for importers
NA
He central bank (BRCA) expanded the benefits of BOPREAL, after the monetary entity only awarded US$68 million, well below expectations. With this new measure, importers will have access to the official dollar for up to 5% of the amount subscribed until January 21.
This is what the Central Bank reported: “The extension until January 31, 2024 of the benefit of access to the Free Exchange Market as of February 1, 2024 to cancel debts for imports pending as of December 12, 2023 for up to 5% of the nominal value of BOPREAL Series 1 acquired in primary bidding, to the extent that the aggregate of this instrument is at least 50% of the total debt for said importer arising from the Register of Foreign Commercial Debts.”
He also reported that “the possibility of accessing foreign currency is enabled starting April 1, 2024 through the sale of securities with settlement in foreign currency for up to the amount equivalent to the difference between the face value of BOPREAL Series 1 acquired in primary bidding and the value obtained by liquidating them in foreign currency abroad, if applicable.”
On Friday it will take place a new call for tenders of the same typein a schedule of times and amounts similar to those offered this week.
Source: Ambito
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