Regulatory Alerts2025-08-07 | A 8296Circular CAMEX 1-1049: Foreign Trade and Exchange. Adjustments.
The Central Bank of the Argentine Republic (BCRA) Communication "A" 8296, effective August 8, 2025, establishes new provisions for export pre-financings and financial debts. Clients with new export pre-financings, meeting specific average life and grace period requirements, may accumulate export collection funds in foreign currency accounts (local or abroad) up to 125% of current and next six months' capital and interest services, or access the foreign exchange market to constitute guarantees. Local financial entities monitoring these pre-financings must certify eligibility, obtain a sworn declaration regarding BCRA's prior approval for early foreign currency application, and monitor shipping permits and guarantees, while new financial debts meeting certain criteria are now included for applying export collections under point 7.9 of the consolidated text on Foreign Trade and Exchange.