Buenos Aires Herald
The Argentina Central Bank regulated the CEDIN, a trade bond that allows its holder to purchase property and use it as an alternative method to paying with US dollars in order to acquire real estate assets or any other transaction as long as both parts involved in the transaction agree.
The bonds will have the power to purchase urban and rural property as well as commercial businesses and construction materials. Those applying to purchase the bonds will transfer their money to a financial entity that eventually will receive the same amount of dollars in CEDIN bonds from the Central Bank.
Once the transaction is complete, the bank will execute automatically another transfer back to the Central Bank trough an electronic operation known as “Mercado Electrónico de Pagos” (Payments Electronic Market).
The CEDIN bonds won’t have an expiration date, and the banks won’t charge holders any commission or interest.
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