The Limited Times

Now you can see non-English news...

Dollar stocks: banks warn that it will not be possible to buy by homebanking until October

2020-09-22T15:38:29.214Z


The president of the association of foreign entities, Claudio Cesario, said that the operations will continue to be locked in the coming days.- Dollar blue today: how much it is trading this Tuesday, September 22


09/22/2020 - 12:03

  • Clarín.com

  • Economy

Dollar purchase operations have been suspended for a week and

will continue until October.

 This was admitted by Claudio Cesario, president of the Association of Banks of Argentina (ABA), which brings together the foreign entities that operate in the country.

Cesario participated in an interview with Luis Novaresio on radio La Red. There, the executive indicated that once the difficulties that hinder the purchase of foreign currency have been overcome, "it could be bought again in October."

Due to the new restrictions established by the Central Bank, banks have to check that the people who want to buy dollars are enabled to do so.

But that data crossing is cumbersome and they have not yet found a way to do it in an agile way.

One of the main knots is with ANSES.

Due to the new regulations, those who receive social plans, such as the

Emergency Family Income (IFE),

will no longer be able to buy dollars

.

Therefore, each bank must check whether or not the person who wants to buy has a plan of this type.

ANSES has a link that allows you to do this check manually, case by case.

The banks say that this way the system is unfeasible and they ask for an expeditious solution.

"What we need is a 'tube' that allows us to do the consultations in a massive way. Otherwise,

the rest are patches,

" said Cesario.

The executive warned that if a solution is not reached, banks will most likely have

to start shifts

to buy dollars.

Thus, the interested party should check with ANSES to see if he is authorized to buy, and if he is, connect with the bank that would enable the operation in 48 hours.

AQ

News in development

Source: clarin

All business articles on 2020-09-22

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.