The Central Bank analyzes prohibiting the purchase of dollar savings to those who receive energy subsidies

The Central Bank (BCRA) is considering prohibiting the purchase of dollar savings from those who have requested to maintain energy subsidies. The measure would be formalized once the conformation of the Registry of Access to Energy Subsidies (RASE) is determined, which is still open. The measure that would restrict access to the quota of US $ 200 to users who maintain assistance aims to stop the outflow of dollars in this way, at a time when Economy seeks to swell the reserves of the BCRA.La selling trend changed in recent days and the monetary authority managed to accumulate dollars. However, the purchases it made are insufficient to face the last quarter of the year, when the income of foreign exchange from agriculture decreases. If confirmed, a new restriction would be added to the 200 dollars to the solidarity exchange rate (yesterday it closed at $ 238). Others who cannot access the quota are: employees who during the pandemic received their salary for the ATP program and the directors and shareholders of those companies; beneficiaries of social plans; holders of zero-rate loans and those who operate financial dollars. The banknote achieved some stabilization in the parallel market after the assumption of Sergio Massa. After weeks of uncertainty and tension following the resignation of Martín Guzmán, the currency, which had touched $350 in the informal square, oscillates around $300.

Original source in Spanish