Government enables access to buy dollars from oil companies participating in the Gas Plan

The Board of Directors of the Central Bank of the Republic of Argentina (BCRA) decided that oil companies that registered in the Plan Gas 2020-2024 will have free access to the exchange market. They will be able to access foreign currency for the repatriation of investments, the income generated and maturity of capital and interest on financial debts for investments made as of November 16, 2020. Plan Gas is an initiative to produce 30 billion cubic meters of Argentine gas in four years; generating fiscal savings of $2.5 billion and foreign exchange savings of $9.2 billion.

Source: Infobae