Within the framework of a series of measures with a strong impact on the financial system, the Central Bank made access to the dollar more flexible for SMEs.
“The greater predictability and efficiency of payments abroad will result in improvements in planning, financial operations and costs of MSMEs, contributing to a decrease in the inflation rate,” said the BCRA.
Within the framework of a series of measures with a strong impact on the financial system, including the decision to modify the monetary policy rate that has an impact on fixed terms, the Central Bank made access to the dollar more flexible for SMEs.
“In response to the evolution of the economic situation, the greater exchange rate predictability and the conditions of financial liquidity,” the statement says, the BCRA authorities “have reevaluated the balance of risks going forward and consider it timely and prudent to make the following decisions” :
- Flexibility of access to the MLC for micro, small and medium-sized enterprises (MSMEs): companies that qualify within the MSME segment will have the possibility of paying for their imports of goods within a period of 30 days. The measure covers all imports with customs clearance as of April 15 that previously had payment terms in installments of 30, 60, 90 and 120 days.
- Flexibility of access to the MLC for advances on capital goods for MSMEs: in the particular case of imports of capital goods, companies in this segment will be able to pay in advance up to 20% of the value of the good to be imported.
The BCRA added that “both measures make the conditions of access to the MLC more flexible for the MSMEs segment in addition to those implemented on February 10 in Communication A7952 under which, to date, more than 6,400 MSMEs accessed the MLC for cancellation. of its debts for imports prior to December 12, 2023.”
“By allowing the payment terms for imports of MSMEs to be reduced to align them with the usual practices of international trade, the flow of imports would be normalized for around 20,000 companies that make up a fundamental core of job creation and economic growth,” added the entity.
And he concludes: “The greater predictability and efficiency of payments abroad will result in improvements in planning, financial operations and costs of MSMEs, contributing to a decrease in the inflation rate.”
Source: Ambito
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