BCRA studies that enable volunteers to charge in dollars and give exporters greater access

Currently, professionals who export services charge through Argentine bank accounts, but are required to fix the dollars in the official market. These funds are then penalized at the official wholesale buyer’s exchange rate, which yesterday stood at $ 119.83. In contrast, it is the dollar that retailers can access to trade with gaps between 72% and 75% (the solidarity dollar reached $ 206.25 and the MEP $ 209.50). This difference, according to the Government’s reading, is due to two negative effects: the collection of these services through alternative mechanisms outside the national circuit, in particular virtual wallets; and complication for these people because of the possibility of declaring income and protecting costs in line with what they charge. “It is an initiative that seeks to partially adapt the general regulations to the identities of the sector,” a source who trusted Ámbito.

With this new regulation, small exporters of professional services will be able to charge a dollar in dollars in their Argentine bank accounts and will not be obliged to liquidate foreign currency, that is, they will be able to leave their dollars in their accounts without any restrictions. . This will imply that they can deposit in that currency or sell in the financial market through operations with the MEP dollar, a more convenient exchange rate. The operation with financial dollars is relatively simple and can be done through home banking or through any ALyC. The collection limit, a source given for this newspaper, will be around $ 1,000 per month, which would mean a monthly income of $ 200,000 at the MEP’s exchange rate.

For large companies, the modification is similar to the modification promoted in other sectors where the Government is seeking to encourage increased exports. That was the case, for example, of the decree specifically targeted at oil companies, which allows companies to access an amount equal to 20% of their incremental oil exports. While the percentage of service exporters has not yet been defined, specifically this would allow businesses to use some of those dollars to pay salaries in a sector where the international labor market is highly competitive, especially for Argentine professionals. who live in the country and make all their expenses in pesos.

Modification of the exchange system for small exporters has been under study since October last year. He even had a treatment date in the BCRA, but complained from the big companies that develop their activities in Argentina and that they have to employ labor in the country blocked the way out of the regulations. Over the past few months, various national officials have been seeking alternative solutions and have come up with this combination of modifications in two ways: one that benefits small professionals and, at the same time, does not negatively affect ‘the knowledge economy sector with full salary dollarization. .

According to a study by Argencon, the chamber that brings together the big companies of the knowledge economy, the country “loses” about US $ 2,000 in service exports made by volunteers. According to journalist Ámbito Florencia Barragán, it is estimated that about 200,000 people work in the industry without being registered, which could start to be resolved with this new regulation.