The Argentinian Government Limits Importers' Access to the Official Foreign Exchange Market Until the End of the Year

The Argentinian government extends until the end of the year the measures that limit the access of importers to the official exchange market. The limits imposed at the end of June establish that the products that enter the country under the automatic licensing regime have access to the foreign exchange market for the equivalent of the monthly average of imports of 2021 plus 5% or 2020 plus a 70%. On the other hand, products under the non-automatic licensing system can access the official foreign exchange market only 180 days after the dispatch of the products. Originally the measures were to be in force until the end of September, but now they will be in place until December. This will cause inflation to continue to generate shortages of many raw materials used in the industry.