As of February 10, 2024, in accordance with the provisions of Communiqué “A” 7952, financial entities will be authorized to authorize access to the foreign exchange market for payments of debts related to imports prior to December 13, 2023. This is contingent upon the client meeting the following criteria:
- Being an individual or legal entity classified as a MiPyMe.
- Having debts for imports of goods or services prior to December 13, 2023, pending and less than or equal to USD 500,000.
- Having registered these debts in the “Commercial Debt Registry for Imports from Foreign Suppliers.”
- Ensuring that payments made under this mechanism, considering all entities and concepts, do not exceed the equivalent amount declared in the mentioned registry. Additionally, (i) not exceeding the equivalent of USD 50,000 (fifty thousand US dollars) until 9.3.24; and (ii) not exceeding the equivalent of USD 150,000 (one hundred fifty thousand US dollars) until 9.4.24.
- Declaring the transaction in the “Survey of External Assets and Liabilities.”
- Providing a sworn statement to the financial entity confirming compliance with all conditions.
Additionally, as of April 1, 2024, importers who have subscribed to BOPREAL in the primary instance will be eligible to sell securities with settlement against cable abroad. This is allowed as long as the market value does not exceed the difference between the obtained value and the nominal value of the bonds, and the credited accounts comply with the regulations of the Financial Action Task Force (FATF).
