Argentinian central bank puts cap on imported luxury goods

BCRA bids to preserve foreign currency as international reserves decline to $39.4 billion

The Central Bank of Argentina
Central Bank of Argentina
Javier Pierini

The Central Bank of Argentina has put a cap on imported luxury goods on January 6 in a bid to preserve dollars in the country.

The rules affect purchases of products such as high-end cars and motorcycles, private jets worth over $1 million, recreational boats, beverages including champagne, whisky, liqueurs and other spirits priced above $50 a litre.

Importers will have to secure financing abroad, or wait a year to obtain financing for these purchases. The measure is applicable to all goods

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account