There is currently a complicated situation in the market for agents that operate with the US currency, considering that there is a rejection of dollars of certain series by banks, which urgently deposit bills in the BCP to decompress the vaults. Problems are also registered with the exchange houses, according to complaints made on social networks.
As Insfrán explained in an interview with Ultima Hora, what happens is a kind of chain effect that affects consumers, particularly in border trade. It happens that, according to what the Central official pointed out, most local banks have no way of sending their dollars directly to the US, so they must go to companies that operate in Brazil or Argentina, which demand banknotes in good conditions. determined.
In this way, banknotes in poor condition or old series are not accepted in neighboring countries, which in turn motivates local banks to reject these papers, taking into account the significant cost that banks incur in storing that money. . “The demand for new banknotes that banks impose on companies or businesses in Ciudad del Este and these on their clients is not a whim of either the business or the bank, it belongs to the Argentine or Brazilian client who is demanding that banknote,” he said.
To all this is added that Law 6,588 establishes 1% on the value of the operation as the limit to be charged by banks for cash deposits of foreign currency, he added.
Patch. Insfrán explained that the problem, in part, will be alleviated with the receipt of tickets by the BCP. However, the process for the entity to receive the dollars in cash is not yet closed, since operational aspects have yet to be resolved.
At present, the call for bids for the contracting of insurance that will serve to support the tickets to be received is being finalized, which would be announced this week. Likewise, it remains to decide other points such as, for example, defining what to do with the tickets.
“Never, in our 78 years of institutional life, have we operated in dollars and it is a transformation that cannot be done overnight. You have to make room in the vault, hire security, insurance, hire a correspondent bank, see which correspondent bank, see which company is going to take the bills (abroad) because they cannot stay in the vault, ”he explained.
For the general manager of the BCP, the underlying problem will be solved when the companies that export the dollars operate directly in Paraguay, sending from here to the United States, where the Federal Reserve accepts any type of legal note, regardless of a slight deterioration or the Serie.
This will largely depend on the country’s approval of the Latin American Financial Action Group’s (Gafilat) mutual evaluation, he said. “The problem will continue until the companies (that are dedicated to the effect) are interested in coming to carry banknotes from Paraguay,” he said.
You can report to Sedeco
In social networks, a complaint from a client of a place exchange house could be observed, who claimed to have received a USD 100 bill that was later rejected by the same entity. When claiming the reason for the situation, they told him that the company does not accept old bills. The case prompted others to voice their complaints and some said they ended up selling their dollars for a lower price on the street. In this regard, Holger Insfrán, manager of the BCP, assured that claims of this type can be made before the Ministry of Consumer Defense (Sedeco).