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SMEs demand laundering of dollars for the sector: what is the proposal like?

As advanced Ambit, from Industriales Pymes Argentinos (IPA), They ask the Government to implement money laundering by up to US$300,000, which will not be affected by fines or taxes, aimed at small and medium-sized companies. This was reported by Daniel Rosato, president of the entity, who demanded the implementation of an express fund declaration plan exclusively for the sector, which is in need of international currency to pay for imports.

“This is essential to be able to make purchases of raw materials and inputs in a critical context where many companies are paralyzed,” Rosato explained to this medium.

And, as reported, “factories have already begun to suspend operations due to the lack of basic inputs and even paralyzed entire lines due to the cutting of the production chain, which is combined with an abrupt drop in market demand, given the recession that generated the inflationary impact.

He assured, in that sense, that “SMEs need money laundering that it applies right now and that it is independent of the project that is included in the Omnibus Law because there is an urgent need to have liquidity to be able to pay for imports.

SME laundering: a claim that takes time

The sector leader assured that they have been making this proposal since the beginning of Javier Milei’s administration as president, but that they have not yet received an invitation from any area of ​​Government to discuss this and other proposals that they have in what he defined as “the most dynamic private sector in the economy”.

However, it would be a longer-standing claim by the scetor, since last year, authorities of the General Business Confederation of the Argentine Republic (CGERA) They had already held a meeting with the then Secretary of CommerceMatías Tombolini, in which a project of Whitening of Dollars so that SMEs can import supplies and machinery.

Now, the claim is again valid thanks to the problems that the Central Bank (BCRA) has had in placing the Bonds for importers (BOPREAL). Rosato explained that the discomfort of the SME industry regarding the Bopreal lies in the fact that these bonuses for SMEs “they are not useful“, since they cannot use them because “It is a means of payment that is not accepted by foreign suppliers. No foreign supplier accepts bonds that expire in 2027 from SMEs.” And he explains that, “if they do not make the advance payment, the supplier does not actually deliver the goods“.

What is the SME laundering proposal like?

Rosato commented that They propose that money laundering have a ceiling of up to US$300,000which will not be affected by fines or taxes, intended for small and medium-sized companies and will have as its “sole destination the payment of imports and productive investments, which allow reactivating the level of activity and sustaining jobs, which are currently at risk due to the stoppages that are already being seen in many factories.”

“Holidays are being brought forward in many factories, because the drop in demand and the lack of supplies put us in a situation of forced shutdown. That’s why It is important that there are quick and concrete definitions for SMEs, because we cannot wait for the legislative debate, since the emergencies of the factories have to have an urgent solution or they will close,” warned the president of IPA.

And I add: “SMEs that had the possibility of saving in dollars, but forced to resort to the informal market due to the exchange rate imposed during all these years, need to use them today to save their companies.. If there is a deindustrialization process again, the private sector will not be in a position to retain employment. “That is why we insist on a dialogue with the Government, to be able to contribute ideas and improve the conditions of the reactivation.”

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