The BCRA Has Agreed to a Negotiating Table with the UIA

The BCRA Has Agreed to a Negotiating Table with the UIA

The President of the BCRA, Miguel Ángel Pesce, met with the president of the Argentine Industrial Union (Unión Industrial Argentina, UIA), Daniel Funes de Rioja, and agreed to a negotiating table in order to improve the regulation on payment for imports in support of economic growth.

The BCRA adopted a new import payment scheme to preserve the accumulation of international reserves and the growth of production and employment.

“The complex international situation has significantly increased the cost of energy imports, a cost that is expected to continue high until October, when import demand tends to fall. All those participating in the forex market should help to improve the foreign exchange balance by obtaining financing for the payment of imports”, Pesce said.

June 27, 2022