With the new measures imposed by the government and the closure of the first stage of BOPREAL, what is sought is for importers to bid it with pesos, at the official dollar exchange rate, and receive a profit in dollars in subsequent years.
The Bonus for the Reconstruction of a Free Argentina (BOPREAL) has emerged as a government measure to help Argentine importers face financial challenges and take advantage of opportunities in the foreign exchange market.
He Bonus for the Reconstruction of a Free Argentina (BOPREAL) has emerged as a government measure to help Argentine importers face financial challenges and take advantage of opportunities in the foreign exchange market. With the new measures imposed by the government and the closure of the first stage of BOPREAL, what is sought is for importers to bid it with pesos, at the official dollar exchange rate, and receive a profit in dollars in subsequent years.
Being tendered with pesos at the official exchange rate and allowing a profit in dollars in subsequent years, it offers an attractive alternative for importers seeking to regularize their debts and obtain financing in foreign currencies for the future. Although the initial results may not have been as expected, over time we have seen how this instrument has gained ground and has become a viable option for many companies.
One of the significant advantages of this bond is its ability to adjust to the dollar link, which allows companies to acquire it in pesos and benefit from exchange rate movements. This has led to an increase in demand for the bond, with companies seeking to take advantage of foreign exchange market fluctuations to reduce their financial costs and improve their competitive position.
Furthermore, the recent officialization that allows importers to access BOPREAL through Cash with Settlement (CCL) without being inhibited from operating in the Single and Free Exchange Market (MULC) is encouraging news. This expands opportunities for businesses, allowing them to engage in all foreign currency exchange operations without restrictions, making it even easier to manage their international business operations.
This bond, being issued by the BCRA, offers investors the advantage of being perceived as an instrument with lower risk of non-payment in the short and medium term, thus providing greater security in the collection of coupons and amortizations. Additionally, its profile makes it an ideal option for retail investors and those with medium-term investment horizons, thanks to its lower perceived risk and potential for payment stability.
However, trading this instrument can be challenging for those who lack specialized financial knowledge. Given the complexity of some financial instruments and the implications they can have on the company’s finances, it is advisable to seek professional financial advice. A financial advisor can help businesses understand the options available and make wise decisions.
For this reason, at Reba we offer a comprehensive service that ranges from the subscription of the voucher to the payment to suppliers through the CCL. Our goal is to provide personalized and tailored advice, giving companies and investors the necessary tools to make the most of the opportunities offered by BOPREAL.
The BOPREAL, as a government measure to help Argentine importers, has become an attractive option in the exchange market. Issued by the BCRA, it offers security in collection in the short and medium term, being a preferred alternative for retail investors and those with medium-term investment horizons. Although it can be challenging to trade this bond without specialized financial knowledge, companies like Reba offer comprehensive advice to make the most of its benefits.
Business Development and Branch Manager at Reba
Source: Ambito
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