Argentina’s central bank has taken a step towards easing foreign exchange controls. A new measure allows now importers to pay for their overseas purchases using their own foreign currency. This change comes before the previously set deadlines expire. This move shows Argentina’s efforts to support importers while managing its currency. It gives businesses more flexibility in their international transactions. However, it also keeps some limits in place to protect the country’s foreign reserves.
November 22, 2024
SOURCE: RIO TIMES
Argentina’s Central Bank Eases Import Payment Rules