The Board of Directors of the Central Bank (BCRA) decided to extend until June 30, 2022 the validity of the exchange rate provisions that expire at the end of the year regarding payment for imports of goods and refinancing of debt securities in foreign currency and other financial liabilities contemplated in Communication A 7030 and its updates.
In addition, the validity of the foreign currency availability mechanism provided for exporters who register increases in their exports in 2022 compared to 2021 was extended.
The BCRA also highlighted that the maximum amount and the permitted uses for the cancellation of commercial debts with new financial debt with foreign countries were also expanded, in order to facilitate the renegotiation of the private sector's liabilities.
The regulations were due to expire at the end of the year and will now remain in force until June 2022.
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