The Board of Directors of the Central Bank of the Argentine Republic has established that importers of luxury goods and a specific set of final goods must obtain financing before accessing the official market to pay off payments.
Importers will only be able to access the official market from 90 days from the time of clearance for final products and from 365 days for goods identified as luxury.
The measure will be applicable to all goods that have been shipped at origin as of January 7, 2021.
The measure reaches luxury products such as high-end cars and motorcycles; private jets worth more than one million dollars; recreational boats; beverages such as champagne, whiskey, liquors and other spirits priced at more than $50 per liter; caviar; pearls, diamonds and other precious stones, among other products.
