The Board of Directors of the Central Bank of the Argentine Republic approved a modification in the determination of the Global Net Foreign Currency Position in order to favor the collection of variable-rate deposits to be used for the pre-financing of exports, without generating a mismatch between the currencies.
The modification allows the deduction for the determination of the cash position of the Net Global Position in foreign currency the pre-financing of exports whose funding is attributed to liabilities linked to the evolution of the value of the dollar in the official exchange market.
This change will allow financial institutions to offer savings instruments linked to the evolution of the official dollar rate, known as dollar linked, and offer loans to exporting companies, generating a new market for savings in pesos.
