IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 02 Nov 2017 | Removal date: open ended
Still in force

Trade balancing measure

On November 2, 2017, the Argentine Executive issued Decree 893/2017 eliminating the obligation imposed on exporters to negotiate their currencies in the official exchange market. The main consequences of the new legislation are the following:

  • allowance to sell and invoice in Argentine Pesos which was  previously forbidden;
  • freedom to set the payment period imposed on the transaction;
  • collect the sales in cash (banknotes in local or foreign currency) and both in the country or abroad; and
  • if the exporter sells in foreign currency, it can freely dispose of these currencies or bills as it wishes.

AFFECTED COUNTRIES

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