Our source has learned that the Central Bank held an important meeting today with exchange companies, informing them that they can now allocate (reserve/use) up to 100% of their balances instead of the previous 70%.
This comes as part of implementing more impactful measures targeting the parallel market, aimed at narrowing the gap between the parallel market rate and the official exchange rate. These measures are set to begin next Sunday and include increasing and accelerating the coverage of requests for letters of credit, bank cards, ATMs, and cash dollars, alongside a decline in the dollar’s value in the parallel market.
