Fewer Stocks: Who Can Buy MEP Dollars and Liquid Cash Again From Today

He Central Bank of the Argentine Republic (BCRA) decided to do it on Tuesday exchange rate through various measures. One of them is the lifting of restrictions on the conduct of bond purchase transactions. MEP Dollars and Cash with Clearance (CCL) this affected those who received one or another type of social assistance during the pandemic or received subsidies states in electricity tariffs.

“Thanks to this measure they will be able Subscribe to Peso Mortgages and Access the MEP Dollar for Real Estate Transactions “all those people who were included in this category,” the BCRA said in a statement announcing a new step in “Phase 2” of the official economic program.

The MEP dollar, also known as the “Stock Dollar,” is a legal way to acquire foreign currency in Argentina through the capital market. This process involves buying government bonds on the local market (for pesos) and then selling them in dollars, creating an implicit exchange rate known as the MEP dollar. There is also the CCL dollar, or “cable,” which allows the same operation to be carried out but with these currencies withdrawn to an account abroad.

List of people who had limited access to financial dollars and who will now have this option enabled:

• Beneficiaries of credit card balance refinancing during the pandemic.
• Beneficiaries of “Zero-Rate Loans”, “Zero-Rate Loans 2021”, “Zero-Rate Loans for Culture” or “Subsidised Rate Loans for Companies”;
• Beneficiaries of SME wage assistance programs.
• Beneficiaries of the freeze on mortgage payments during the pandemic.
• National deputies and senators banned following a joint decision by both chambers in October 2020.
• Users of public services who are recipients of a subsidy on tariffs for the supply of natural gas through the network and/or electricity, regardless of whether they received it on request or automatically, and/or a subsidy on tariffs for drinking water.
• Persons who are beneficiaries of the Pension Debt Settlement Plan provided for in Law No. 27705 or other pension debt settlement plan until the debt is settled;
• Human persons who are beneficiaries of “Anses Credits”.
• Credits for SIPA-enrolled workers under the September 2023 order.

On the other hand, the board of directors also decided to expand the amount excluded for liquidation of the company. export of human services residents. This will be an advantage for those who sell their knowledge-based services to companies abroad. “Adaptation now allows charging up to $24,000 USD per year calendar on their local dollar accounts, without the obligation to calculate them in MLC. The standard is higher Only $12,000 allowed“, they explained in detail.

The Central Board of Directors also made a decision reduce the time frame For companies that have access to the Foreign Exchange Market (MLC) to pay for imports, increase the amount that exporters of services They are not required to settle in the MLC, except for allowing access to parallel dollars for people who received some assistance from the state during the pandemic or who receive subsidies for the consumption of state services.

“The import payment schedule introduced in December 2023 has accelerated the accumulation of international reserves, creating a volume of commercial debt. In response to the better than expected results of the program development, BCRA is moving forward with the normalization of foreign trade, which allows for a reduction in the debt that has arisen,” the BCRA noted.

More than half of imports are paid for under the scheme four installments (30, 60, 90 and 120 days from the date of receipt at customs), but from this moment It will be in two parts.. “From August 1, these products will have access to MLC with the option to pay in two parts, one of which 30 days and the second of 60 days your customs declaration, for 50% each“This group represents more than half of the total volume of imports,” the Central Bank stated.

” luxury goods and finished cars They are paid 120 days after customs clearance. The Board of Directors decided today that these assets will have an access period to the MLC from August 1. from 90 days from the moment of its customs receipt,” the Central Bank noted.

“This measure has double positive effect: helps revive the economy by allowing important companies to bear less of the financial burden; “It reduces the pass-through to the highest cost prices associated with the current schedule, which forced those companies that did not receive commercial financing from their suppliers to pay them through the parallel exchange market,” the monetary authority said.