# Foreign currency related measures to boost economic recovery | BCRA

> The BCRA and other government agencies announced measures to allocate foreign currency more efficiently, including a 35% advance tax collection on foreign-asset purchases and card spending in foreign currency. The measures keep the $200 monthly quota, cap nothing on card spending, and prioritize pre-financing of exports for SMEs.

- Date: 2020-09-15 · published 2020-09-15T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/51403-foreign-currency-related-measures-to-boost-economic-recovery-bcra
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Export pre-financing support could encourage Argentine grain and oilseed sales, but the tax and quota changes reduce farmers' and households' access to dollars. The net effect on export flows and prices is uncertain.

## Sources

- bcra.gob.ar: https://www.bcra.gob.ar/en/news/foreign-currency-related-measures-to-boost-economic-recovery/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.