Import control: what were the measures announced by the Central Bank
The central bank (BCRA) announced a series of measures to control imports that will mainly affect large companies that request access to the foreign exchange market to pay for imports.
With this new regulation, the organism seeks to reduce the outflow of dollars “to take care of international reserves,” according to the central bank in its official statement.
The Government seeks to take care of reserves to prioritize energy imports.
In this sense, the central bank It will be stricter with the annual and monthly quotas to access the foreign exchange market. In essence, the measure forces large companies to obtain more financing to pay for their imports.instead of using the reserves of the BCRA.
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