Argentina Extends Time for Some Exporters to Repatriate Revenue

Argentina is extending the time some companies have to bring back export revenue to the country, according to the official gazette.

The resolution published today lists about 120 companies that are given from 90 to 180 days to repatriate foreign currency. The previous timeframes weren’t disclosed.

The measure includes food company Molinos Rio de la Plata SA, mining company Minera Alumbrera Ltd. and some wineries.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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