He Central Bank (BCRA) decided to move forward this Thursday with a partial flexibility of the dollar stocks for those who export services abroad.
The organization arranged increase the maximum period for those “freelancers” to bring their dollars into the country, which at a certain point It alleviates the bureaucratic burden for these people and the costs associated with this type of procedure.
Through the Communication A 8116the BCRA made official the decision to extend that deadline from the current five business days to 20 business days.
The Central had already decided to loosen the restrictions for this group of people in July, when The amount that can be deposited without needing to be settled in the official exchange market doubled from US$12,000 to US$24,000 annually.
With this new measure, the Government aims to freeing the operational burden of these small exporters and also easing the costs of collecting payments abroad.
The fact is that international payment platforms maintain a cost that is fixed for the operation.so having a longer period to be able to deposit the dollars can help these professionals to unify the amounts and lower the impact of those fees.
Request to Caputo via X (ex Twitter)
The official decision comes after a user of the social network X asked the Minister of Economy, Luis Caputoa change in this matter.
“Toto, will you be able to review the foreign exchange income regime for exporting services? It’s great what you did by raising the quota to 24,000, but there is an issue for many freelancers who do small jobs for many different or sporadic clients and are forced to enter the money within 5 business days of each collection, no matter how small, with the consequent transactional expense”, said that user and received in response that the Ministry of Commerce was working on the issue.
In the knowledge economy sector they recognize that The exchange rate acts as one of the main obstacles to increasing exports. The fact is that the majority of professionals choose to operate in the informal segment so as not to have to lose purchasing power for jobs that charge through the gap.
At the beginning of 2023, professional services showed an annual increase in exports of 9.2%, with accounting, legal and administrative sectors leading the way.
Source: Ambito
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