{"id":11823,"date":"2012-06-25T23:54:48","date_gmt":"2012-06-25T21:54:48","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/argentina-eases-rules-on-export-proceeds\/"},"modified":"2012-06-25T23:54:48","modified_gmt":"2012-06-25T21:54:48","slug":"argentina-eases-rules-on-export-proceeds","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/argentina-eases-rules-on-export-proceeds\/","title":{"rendered":"Argentina eases rules on export proceeds"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Government needs dollar inflows to help pay debt<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Miners had slashed exports due to currency rules<\/p>\n<p><span><\/span><\/p>\n<p>* Officials extend deadline for miners, others<\/p>\n<p><span><\/span><\/p>\n<p>BUENOS AIRES, June 25 (Reuters) &#8211; Argentina loosened its<br \/>\nstrict currency rules on Monday, extending the deadline for more<br \/>\nthan 100 companies &#8211; including some hard-hit miners &#8211; to cash in<br \/>\nexport earnings on the local foreign exchange market.<\/p>\n<p><span><\/span><\/p>\n<p>President Cristina Fernandez has imposed a series of rules<br \/>\non trade and foreign exchange over the last year in an effort to<br \/>\nbolster the supply of dollars, which her government needs to pay<br \/>\nthe public debt.<\/p>\n<p><span><\/span><\/p>\n<p>Mining companies in particular said they had slashed exports<br \/>\nbecause they could not comply with a new 30-day deadline to<br \/>\nbring back their export proceeds.<\/p>\n<p><span><\/span><\/p>\n<p>In a resolution published in the official gazette, the<br \/>\ngovernment extended the deadline to 120 days for several mining<br \/>\noperations, including Minera Alumbrera, which is half-owned by<br \/>\nXstrata Plc, and Silver Standard Resources Inc&#8217;s<br \/>\nPirquitas mine .<\/p>\n<p><span><\/span><\/p>\n<p>Other exporters from a range of sectors were given between<br \/>\n90 days and 180 days to cash in their sales proceeds.<\/p>\n<p><span><\/span><\/p>\n<p>The head of a mining industry group said last week it was<br \/>\ndifficult to close export deals within 180 days.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Government needs dollar inflows to help pay debt * Miners had slashed exports due to currency rules * Officials extend deadline for miners, others BUENOS AIRES, June 25 (Reuters) &#8211; Argentina loosened its strict currency rules on Monday, extending the deadline for more than 100 companies &#8211; including some hard-hit miners &#8211; to cash [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11823","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11823"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11823\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}