Partial inventory: up to $ 10,000 per month can be purchased without permission from the central office.

The aim of the DNU published this Sunday in the Official Journal "aims to generate exchange stability and protect savers," official sources told Ambito. And these are complementary measures to those announced a few days ago by the Minister of Finance, Hernán Lacunza.

As they comment to the government, "the measures are aimed at limiting the possibility of speculation in the foreign exchange market". And it is not for less, it was only Friday that the BCRA had to sacrifice $ 387 million to contain the dollar which also climbed to $ 62.04.

Measures

Decree empowers BCRA to launch a battery of measures to regulate the foreign exchange marketIt also proposes corrections to last week's decree regarding the liquidation of Letes and the difference between mutual funds in people.

Regarding restrictions for natural persons You can only buy $ 10,000 a month. For a higher amount, an authorization from the BCRA must be requested through the intermediary of the banks. According to official sources, 90% of people buying dollars in the country do not reach this amount.

Also from the entity that runs Guido Sandleris, it was made clear that there would be no obstacle to extracting dollars from the accounts of natural or legal persons.and that there will be no restrictions for travel.

With regard to transfers abroad, only the same maximum amount allowed to buy can be transferred without authorization. In other words, a maximum of USD 10,000 can be manufactured abroad. But, there will be no limit to the transfer between accounts on behalf of the same person.

In regards to to legal personsit has been established that exporters must sell the foreign exchange resulting from their exports on the local market no later than 5 working days after collection or 180 days after the boarding permit. In the case of products, it will be 15 calendar days.

In addition, for this group, there will be no restrictions for the importation or payment of debts at the due date. After this amount, an authorization must be requested from the BCRA which will have a space dedicated to this type of operation. The measures go in this direction "companies can not buy dollars to cherish, "official sources said.

In this context, banks can extend their hours up to 17 hours for a month. Each entity will decide on the implementation of the measure and how it will negotiate with the unions overtime that this operation will last until the end of the month.

The DNU also establishes that holders of certain public debt securities whose initial maturity is greater than the limit may give such securities as payment to cancel the social security obligations, such as contributions and contributions, due and payable as of July 31, 2019.

fundamentals

In its recitals, the standard explained that "taking into account various factors that have influenced the evolution of the Argentine economy and the uncertainty generated in the financial markets, the national executive authority has found it necessary to 39; adopt a series of extraordinary measures aimed at normal operation of the economy, maintain the level of activity and employment and protect consumers. "

These socks are looking "strengthen the normal operation of the economy, contribute to prudent management of the foreign exchange market, reduce the volatility of financial variables and limit the impact of fluctuations in financial flows on the real economy, "added the DNU.