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The Central Bank joins the SIMI system process

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The Central Bank will intervene in the allocations in the Comprehensive Import Monitoring System (SIMI), as the entity itself has resolved through its Board of Directors.

The same resolution established that the conditions for accessing the exchange market for payment of imports will remain in effect until the end of the year.

According to the resolution, they will be assigned two categories to SIMI. Category A, maintaining the same treatment to date, and category B, intended for associated imports that must be financed within a period of 180 calendar days from the registration of entry into the customs system.

Accordingly, the Central Bank will be responsible for assigning these categories to SIMIs, thereby defining access to the exchange market according to the allocation granted.

The calculation for accessing category A was established as being a lower equivalent to the FOB value of imports in 20201, plus 5%; and on the FOB value of imports in 2020 plus 70% on said value.

If the amount is greater than the limit to access the exchange system, the importer must access financing for the difference within a period of 180 days. 

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