Throughout 2024, the foreign exchange market has been characterized by a process of ordering payments for imports of goods and services, accompanied by a gradual relaxation in recent months.
This approach has allowed the regularization of the flow of payments abroad, eliminating from the beginning the SIRAs and SIRASEs as a requirement to access the exchange market.
Since 13/12/2023, goods officially registered from that date could be paid for and at the beginning the payment regime was 4 equal payments of 25% each installment at 30, 60, 90 and 120 days.
- Fuel goods could be paid for without any deadline upon delivery to the market.
- Medicines and fertilizers could be paid for 30 days after dispatch.
- Cars and luxury goods could be paid for 180 days from the date of the
- office.
Over time, a 30-day payment scheme was established for basic basket goods. Later, goods imported by MSMEs were incorporated.
The initial 4-installment payment plan was gradually reduced to 60 days, and it is now possible to pay in a single installment 30 days after the nationalization of the assets.
Currently, all goods can be paid for 30 days from the date of delivery to the market, while certain fuels have the option of being paid directly at the time of delivery to the market.
In the previous year, up to September 2023, 13% of shipments to the market had been settled through the exchange market.
As of September 30, 2024, 100% of shipments to the market had already been paid through the exchange market. Currently, that percentage reaches 150%, since the quotas corresponding to previous months are being regularized.
This reflects a notable regularization of payment flows abroad for goods and services since December 13, 2023, in a context without SIRAs or SIRASEs. This progress has been driven by the improvement of various macroeconomic variables, such as the fiscal surplus, the reduction of public spending, the control of monetary issues, the decrease in inflation and the increase in income from exports of goods and services, among other factors.
In light of the above, the specialist Luis Ricardo Demarco, Committed to simplifying and understanding these regulations, it presents a clear and accessible summary, especially aimed at the Argentine foreign trade sector.
The scheme is as follows:
EXPORTS OF GOODS AND SERVICES
- Communication “A” 8137 (28/11/2024)
IMPORTS OF GOODS
- Communication “A” 8133 (21/11/2024)
-Sight payment and/or deferred payment for imports of goods that are realized;
-Sight payment and/or deferred payment for imports of goods that are realized;
-Advance payments for capital goods B12 as they are realized;
-Advance payments for services starting on 13/12/2023 as they become effective;
-Advance payments or sight of capital goods for MSME companies COM A 7990.
- Imports of goods until 12/12/2023
IMPORTS OF SERVICES
MISCELLANEOUS PROVISIONS OF THE BCRA
- Communication “A” 7935 (28/12/2023)
- Communication “A” 7941 (11/01/2024)
In detail:
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