Post by mayamaya555o on Feb 18, 2024 22:14:43 GMT -5
The Central Bank led since Tuesday by Santiago Bausili announced the main axes of its exchange and monetary policy that will accompany the strong adjustment package launched this Tuesday by the Minister of Economy Luis Caputo. In a statement issued tonight, he said he will work to “recover credibility .” The main points announced by the Central Bank, which this morning will explain to bankers. Exchange policy. Credits to reinforce reserves and apologize to the IMF The Central Bank has begun a process of evaluating financing options with international financial entities.
It considers that “the improvement in reserve liquidity Europe Mobile Number List obtained in the short term through these sources will be used to normalize the payment of commercial debts and reduce uncertainty around the provision of financial services.” These tools seek to reduce the seasonal impact of foreign trade on the liquidity of the BCRA's international reserves. In that sense, he reported that “the formal dialogue with international organizations, including the International Monetary Fund, has begun and is advancing rapidly. The central objective is to clear up uncertainty around agreed disbursements with a view to meeting future capital maturities.
This uncertainty responds to the obligation that Argentina faces to begin the formal process of requesting a waiver for non-compliance with the goals agreed in August of this same year. How will importers pay their debt? The BCRA will work to simplify the payment system for imports of goods and services, eliminating any requirement linked to obtaining authorizations through the SIRA or SIRASE, and will also void the requirement for the Foreign Trade Single Account Certificate. of the AFIP. Imports made in the future may be paid respecting the international trade deadlines determined by the BCRA, defined according to tariff positions.