Regulatory Alerts2025-12-09 | A 8361Circular CAMEX 1-1058: Foreign Exchange and Currency Adjustments
The Central Bank of the Argentine Republic issued Communication A 8361 to amend section 3.8.5 of its Foreign Exchange and Currency regulations, requiring financial entities and foreign exchange operators to obtain a client sworn statement committing to refrain from purchasing securities with foreign currency settlement for 90 calendar days after accessing funds. This restriction excludes primary subscriptions of resident-issued debt securities held for at least 15 business days, sales settled in foreign currency, and reinvestments of treasury or BCRA interest within 15 business days. The Bank will subsequently distribute updated reference sheets to implement these adjustments in the applicable regulatory framework.
. “Year of the Reconstruction of the Argentine Nation” “Year of the Reconstruction of the Argentine Nation” . COMMUNICATION “A” 8361 09/12/2025 TO FINANCIAL ENTITIES, TO FOREIGN EXCHANGE OPERATORS: Ref.: Circular CAMEX 1-1058: Foreign Exchange and Currency. Adjustments.
We address you to inform you that this Institution has adopted the following resolution:
- Replace section 3.8.5. of the consolidated text on Foreign Exchange and Currency, introduced through Communication A 8332 and modified by Communication A 8336, with the following: “ 3.8.5. In all cases, the entity must have a sworn statement from the client confirming that it commits to not undertake, directly or indirectly or on behalf and order of third parties, purchases of securities with foreign currency settlement from the moment it requires access and for the subsequent 90 (ninety) calendar days. The aforementioned commitment shall not apply to purchases of securities with foreign currency settlement that are concluded: 3.8.5.1. within the framework of primary subscriptions of debt securities issued by residents, provided that the purchaser maintains them in its portfolio for a minimum of 15 (fifteen) business days. This minimum period shall not apply when the primary subscription has been concluded by 09/12/25 or when the sale of the subscribed securities is made with foreign currency settlement. 3.8.5.2. from the reinvestment of foreign currency receipts for capital services and/or interest on securities issued by the National Treasury or the BCRA within 15 (fifteen) business days following the receipt date.” Furthermore, we inform you that we will subsequently send you the sheets to be incorporated in place of those previously provided, as required by the referenced regulations. We extend our respectful greetings. CENTRAL BANK OF THE ARGENTINE REPUBLIC Oscar C. Marchelletta Marina Ongaro Chief Manager of Foreign Exchange and Currency Deputy General Manager of Financial Regulation