{"id":8422,"date":"2020-08-03T18:24:14","date_gmt":"2020-08-03T18:24:14","guid":{"rendered":"https:\/\/allende.com\/sin-categorizar\/the-central-bank-extended-restrictions-on-trade-related-payments-08-03-2020\/"},"modified":"2024-07-11T17:13:03","modified_gmt":"2024-07-11T20:13:03","slug":"the-central-bank-extended-restrictions-on-the-payment-of-goods-imports","status":"publish","type":"post","link":"https:\/\/allende.com\/en\/banking\/the-central-bank-extended-restrictions-on-the-payment-of-goods-imports-08-03-2020\/","title":{"rendered":"The Central Bank extended the restrictions on the payment of goods imports"},"content":{"rendered":"<p>On July 30, 2020, through Communiqu\u00e9 \u201cA\u201d 7079, the Argentine Central Bank (the \u201cCentral Bank\u201d) enabled access to the foreign exchange market (the \u201cFX Market\u201d) to cancel outstanding commercial obligations guaranteed by foreign financial institutions or export credit agencies abroad.<\/p>\n<p><strong>Restrictions provided by Communiqu\u00e9 \u201cA\u201d 7030 were extended until August 31, 2020<\/strong><\/p>\n<p>El Banco Central dispone que las restricciones<a title=\"\" href=\"file:\/\/\/C:\/Users\/jvillegas\/AppData\/Local\/Microsoft\/Windows\/Temporary%20Internet%20Files\/Content.Outlook\/BZEKE9EA\/AB-%23293576-v1A-Newsletter_AB_-_Comunicaci%C3%B3n__A__7079_BCRA.DOCX#_ftn1\" name=\"_ftnref1\">[1]<\/a> al acceso al mercado de cambios para el pago de importaciones y para la cancelaci\u00f3n de servicios de capital de endeudamientos financieros con el exterior cuando el acreedor sea una contraparte vinculada al deudor se mantienen vigentes hasta el 31 de agosto del 2020, inclusive.<\/p>\n<p><strong>The payment of outstanding trade obligations secured by foreign guarantors are allowed<\/strong><\/p>\n<p>Through Communiqu\u00e9 \u201cA\u201d 7068, the Central Bank had allowed access to the FX Market to cancel commercial debts for imports of goods with export credit agencies or foreign financial institutions, insofar as they are not payments associated with imports shipped after July 1, 2020 or which, having been shipped before that date, had not arrived in the country before that date.<\/p>\n<p>The Central Bank extends this possibility to allow access to the FX Market to cancel of commercial debts for imports of goods secured by foreign financial institutions or export credit agencies abroad.<\/p>\n<p>This report cannot be considered as legal or any other kind of advice by Allende &amp; Brea.<\/p>\n<div>\n<div id=\"ftn1\">\n<p>[1] Set forth in Sections 2 and 3 of Communiqu\u00e9 \u201cA\u201d 7030, as amended by Communiqu\u00e9s \u201cA\u201d 7042, 7052 and 7068.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On July 30, 2020, through Communiqu\u00e9 \u201cA\u201d 7079, the Argentine Central Bank (the \u201cCentral Bank\u201d) enabled access to the foreign exchange market (the \u201cFX Market\u201d) to cancel outstanding commercial obligations guaranteed by foreign financial institutions or export credit agencies abroad. Restrictions provided by Communiqu\u00e9 \u201cA\u201d 7030 were extended until August 31, 2020 El Banco Central [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","footnotes":""},"categories":[49],"tags":[],"class_list":["post-8422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Central Bank extended the restrictions on the payment of goods imports - Allende &amp; Brea - Estudio Jur\u00eddico<\/title>\n<meta name=\"description\" content=\"On July 30, 2020, through Communiqu\u00e9 \u201cA\u201d 7079, the Argentine Central Bank (the \u201cCentral Bank\u201d) enabled access to the foreign exchange market (the \u201cFX\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/allende.com\/en\/banking\/the-central-bank-extended-restrictions-on-the-payment-of-goods-imports-08-03-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Central Bank extended the restrictions on the payment of goods imports - 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