Post by account_disabled on Feb 25, 2024 7:22:26 GMT
This is indicated in a report by the consulting firm LCG on the foreign exchange market last year. The work maintains that "in the MULC only 17% of what was actually imported was paid, explained by the transition of the new import system that imposed an access schedule for the majority of importers.
This is the lowest level since According to the historical series that compares the accrual (data reported by INDEC based on customs clearances) against the Country Email List cash basis (payments through the official market), the previous lowest point had been in mid-2019, with 70%.
Since March, when 90% of what was purchased abroad was paid, sales in dollars to importers have plummeted .Possibly this will be seen again in January, but it will begin to gradually reverse in February.” with the release of foreign currency for imports from some sectors,” says the consultant. In the last month of last year, the debt trend of local companies deepened.
What is the debt of importers?According to data from the Ministry f Commerce, the debt registered in the special registry that was enabled for the purposes of planning an orderly exit was US$42.6 billion, after deducting nearly US$8.5 billion that were declared canceled without access to the exchange market.
In this regard, the Central Bank indicated a few days ago that "the greater transparency and updating of the information provided by the Ministry of Commerce on the amounts of commercial external debt of importers is positive news in itself."
The analysis of this information represents another good news to measure the challenges of the economic situation and plan appropriate economic policy responses,” says the entity.
The amount of debt declared by the companies contrasts with the BCRA's own data: “Incorporating to this stock the difference between what was imported and what was paid in the exchange market until December 12, “The debt of importers of goods and services would have reached a total of 57.8 billion dollars to that date.
This is the lowest level since According to the historical series that compares the accrual (data reported by INDEC based on customs clearances) against the Country Email List cash basis (payments through the official market), the previous lowest point had been in mid-2019, with 70%.
Since March, when 90% of what was purchased abroad was paid, sales in dollars to importers have plummeted .Possibly this will be seen again in January, but it will begin to gradually reverse in February.” with the release of foreign currency for imports from some sectors,” says the consultant. In the last month of last year, the debt trend of local companies deepened.
What is the debt of importers?According to data from the Ministry f Commerce, the debt registered in the special registry that was enabled for the purposes of planning an orderly exit was US$42.6 billion, after deducting nearly US$8.5 billion that were declared canceled without access to the exchange market.
In this regard, the Central Bank indicated a few days ago that "the greater transparency and updating of the information provided by the Ministry of Commerce on the amounts of commercial external debt of importers is positive news in itself."
The analysis of this information represents another good news to measure the challenges of the economic situation and plan appropriate economic policy responses,” says the entity.
The amount of debt declared by the companies contrasts with the BCRA's own data: “Incorporating to this stock the difference between what was imported and what was paid in the exchange market until December 12, “The debt of importers of goods and services would have reached a total of 57.8 billion dollars to that date.