Sistema de Pago en Monedas Locales (SML), a Regional Payment Agreement to foster Intra-regional trade within #Mercosur SME's, is back on the bilateral agenda 🇦🇷🇧🇷
Why? Because Argentina's Central Bank scarcity of dollars.
SML enables the importer and exporter to pay and charge in their respective native currencies, which excludes from any exchange market activity, eliminating financial and administrative costs that would be a barrier for SMEs to foreign trade market.
