HomeStoresCustoms reported that companies are converting debt from dollars to yuan

Customs reported that companies are converting debt from dollars to yuan

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In a statement, Argentine Customs said that following the agreement with China, some companies decided to convert payments from dollars to yuan.

Precisely, after confirming the expansion of the swap from USD 5.000 million to USD 10.000 million, the main electronic industries of Tierra del Fuego They agreed to pass Payments due in May/June/July/August in dollars to yuan. 

Customs indicated that Newsan went on to pay USD 256,7 million in yuan, while Mirgor It did so for USD 373,6 million.

In this way, a total of USD 630,3 million in yuan will be cancelled.

"These importers have already started the process at Customs to adjust customs clearances and be able to pay this debt already accrued in dollars to yuan," the same official source stressed.

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Aduana News is the first Argentine customs newspaper to launch its digital version. With 20 years of experience, its publications and initiatives aim to provide the most relevant knowledge on customs issues in order to contribute to safe trade in the region.

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