The National Government set more changes on Tuesday in foreign currency operations, by providing that those who acquire dollars through the purchase and sale of bonds (MEP or CCL), must wait 15 days to operate with them. The National Securities Commission (CNV) published resolution RG 962, which substantially modifies operations with dollars in the local market.
From the national body that regulates the financial market, they recognized that the measure seeks to reduce the volatility of financial dollars. But it specifically points to financial maneuvers (“curlers” in market jargon) carried out by some specialized operators to take advantage of the price gap between the bonds used by the Government to intervene in the market and the rest of the sovereign bonds. .
In any case, although these currencies cannot be used to buy other assets, they can be transferred in order to dispose of the money.