Argentina attempts to speed up financial transactions
Central bank will allow public to directly submit tax returns to banks, part of measures designed to boost credit
The Central Bank of Argentina (BCRA) has decided to allow the public to present their tax returns to banks without certification signed by a public accountant, in an attempt to speed up financial transactions and reduce their costs.
The measure came into force on September 6. The BCRA recently embarked on an effort to expand access to credit in Argentina, which has been a secular hurdle for the country.
Earlier legislation required individuals to submit an official account of their tax returns
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