Regulatory Alerts2026-02-26 | A 8405Ref.: Circular LISOL 1-1134 OPRAC 1-1304 Financing of the Non-Financial Public Sector. Program for the Issuance of Treasury Notes of the Province of Chubut
The Central Bank of the Argentine Republic issued Communication “A” 8405 to financial entities, waiving observations on the restriction in point 2.1 of the Non-Financial Public Sector Financing ordered text to permit the acquisition of up to $170 billion (or its US dollar equivalent) in Treasury Notes issued by the Province of Chubut. This authorization applies under provincial Laws II 319 and II 76, adheres to the conditions set by the Secretariat of Finance of the Ministry of Economy, and maintains existing credit risk fragmentation requirements. Participating financial entities are explicitly prohibited from applying their foreign currency deposit lending capacity to subscribe to these Treasury Notes, as stipulated in Section 2 of the Credit Policy ordered text.
. "2026 - YEAR OF ARGENTINE GREATNESS" "2026 - YEAR OF ARGENTINE GREATNESS" . COMMUNICATION “A” 8405 26/02/2026 TO FINANCIAL ENTITIES: Ref.: Circular LISOL 1-1134, OPRAC 1-1304: Financing of the Non-Financial Public Sector. Program for the Issuance of Treasury Notes of the Province of Chubut.
We address you to inform you that this Institution has adopted the resolution which, in its pertinent part, provides: “- No observations shall be made, within the framework of the restriction contained in point 2.1. of the ordered text on Financing of the Non-Financial Public Sector, to allow financial entities to acquire Treasury Notes to be issued by the Province of Chubut up to an amount in circulation of $170,000,000,000 (one hundred seventy billion pesos) and/or its equivalent in US dollars, within the framework of provincial Laws II 319 and II 76, and in accordance with the conditions established in note NO-2026-17522210-APN-SH#MEC of the Secretariat of Finance of the Ministry of Economy of the Nation, without prejudice to compliance by the participating financial entities with the provisions on credit risk fragmentation set forth in that regulation. The participating financial entities may not apply their lending capacity from foreign currency deposits to the subscription of the aforementioned Treasury Notes, in accordance with what is provided in Section 2. of the ordered text on Credit Policy.” We greet you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Pablo D. Montero Marina Ongaro Manager of Issuance of Standards a/c Deputy General Manager of Financial Regulation