In recent hours, the national government has relaxed currency controls with a series of measures from the Central Bank and the National Securities Commission. According to the Argentine News Agency, individuals will no longer have to liquidate dollars from the export of goods, although they must bring them into the country, equalizing the criteria for services. Likewise, the US$50 limit on cash withdrawals abroad via credit card is eliminated, facilitating spending overseas and reducing the need to carry cash. Payment for Negotiable Obligations and commercial debts is also enabled up to 3 days before maturity. Additionally, the official rate is permitted for covering debts in other currencies. For companies, the deadlines for bringing in foreign currency are extended: from 60 to 180 days for exports to subsidiaries (if they do not exceed US$200 million annually) and from 180 to 365 days for other sectors like apparel. The deadline for capital goods is also extended to 365 days. These measures come as the second review of the agreement with the IMF is being negotiated.
