BCRA launches financial tool to boost exporting SMEs

The Central Bank of Argentina (BCRA) created a new financing tool for exports of small and medium enterprises. In a statement issued on Thursday, the BCRA authorises banks to grant loans in Argentine pesos to SMEs that will accrue the rate of change of the exchange rate plus a spread to be agreed between the parties. Local dollar loans to the export sector have decreased by $ 5.5 billion (35%) in the last four months.

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Source: Telam

Categories: Macroeconomy/Finance