The Board of the BCRA approved the issuance of bills denominated in dollars aimed at encouraging the inflow of external funds for pre-financing large exporters.
The foreign currency deposited in a foreign currency account of the domestic financial system , will enable the financial institution to offer a bill denominated in dollars for auction for the equivalent amount of such deposit.
-The bill will be periodically auctioned.
-The interest rate will be fixed in an auction as a spread over the SOFR.
-The term will be 180 days with an early-payment possibility.
The Board of the BCRA also enabled access to dollar-linked sight accounts to the exporters who settle inflows at least thirty days before the pertinent maturity for each business sector.
