the 10 government measures to end the currency crisis



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The government launched Sunday a series of measures to reduce the strong pressure on the foreign exchange market

In the midst of the crisis the government is facing because of the dollar, By a decree of necessity and urgency published this Sunday, a series of restrictions were established on the foreign exchange market.

specifically The government has set a monthly cap of $ 10,000 to buy individuals. At the same time, official sources have indicated that "transfers of funds over $ 10,000 per person per month can not be made".

However, they specified from the Central Bank that "no one is limited to extracting dollars from their accounts, neither natural nor legal persons" and that there will not be any travel restriction.

From the entity that runs Guido Sandleris, they also specified that "companies will not be able to buy dollars to cherish" and that The Central Bank must authorize the purchase of foreign currencies and transfers abroad according to the conditions prevailing on the foreign exchange market.

In the meantime, they specified that "there is no restriction for the importation or payment of debts at the expiry date".

Then, the 10 measures taken by the government to try to put an end to the currency crisis:

According to official sources, under the package of measures, exporters must sell the currency resulting from their exports in the local market no later than 5 working days after collection or 180 days after boarding authorization .

In this context, it has also been established that the public service hours of the entities would be extended by one month: as of Monday, the banks that establish it can stay open from 10 am to 5 pm.

The decision responds to growing complaints from savers who, in recent days, have been unable to withdraw dollars because of the large number of people who have turned to the banks.

As he knew Professionalit was the banks themselves who asked for the possibility of extending the calendar by one month. And, for the government, it is also a way to reduce the tension among savers and show that anyone who wants money has it.

Moreover, he establishes that social security debts can be paid to the AFIP with the denominated public securities.

As the agency explained, "the government today allowed taxpayers holding domestic public debt whose term was pushed back last week. can use them to pay contributions and social security contributions due until July 31st"It's about Letes, Lecaps, Lelink and Lecer.

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