Buenos Aires, April 9 (NA) -- The Central Bank (BCRA) eliminated various restrictions related to the exchange rate control, benefiting the liberalization of exports and debt payments. The entity, led by Santiago Bausili, introduced new regulations with benefits for individuals and companies. For individuals, the requirement to liquidate the remaining foreign currency from the export of goods has been eliminated. Also, the US$50 limit for cash withdrawals abroad with a credit card has been removed. The new regulations were communicated through Communication 'A' 8417, which was accessed by the Argentine News Agency. For companies, the changes introduced mostly extend the deadlines for the entry of foreign currency, which vary depending on the type of product. For those with their headquarters in the country and exporting to their subsidiary abroad, the deadlines will be extended to 180 days if they do not exceed 200 billion pesos per year. As for the export of grains and other similar goods, the deadline is extended to 365 days, as well as for those sending space and nuclear products abroad. The BCRA will also allow companies to take on debt in a currency other than the dollar; at the same time, it authorizes entry into the Free Exchange Market (MLC) for the repayment of loans granted by the parent company. The measures taken by the Central Bank come in a context where the dollar is operating stably and without high volatility, and its value is approaching $1,400.
