Regulatory Alerts2025-12-18 | A 8375Ref.: Circular LISOL 1-1127 OPRAC 1-1298: Financing of the Non-Financial Public Sector. Chubut Province Treasury Bill Issuance Program. Amount Increase.
The Central Bank of the Argentine Republic issued Communication “A” 8375 to waive regulatory objections regarding the increase of the Chubut Province Treasury Bill issuance amount by up to $60 billion pesos, raising total circulation to $140 billion. The resolution explicitly prohibits participating financial entities from applying their foreign currency deposit lending capacity to subscribe to these dollar-linked Treasury Bills. Compliance with existing credit risk fragmentation provisions remains mandatory for all intervening financial entities.
. “Year of the Reconstruction of the Argentine Nation” “Year of the Reconstruction of the Argentine Nation” .
COMMUNICATION “A” 8375 18/12/2025 TO FINANCIAL ENTITIES: Ref.: Circular LISOL 1-1127, OPRAC 1-1298: Financing of the Non-Financial Public Sector. Chubut Province Treasury Bill Issuance Program. Amount Increase.
We address you to inform you that this Institution has adopted the resolution which, in its relevant part, provides: “- No objections shall be raised, within the framework of the restriction contained in point 2.1. of the established text on Financing of the Non-Financial Public Sector, to the increase in the amount for the issuance of Treasury Bills by the Province of Chubut up to the sum of $60,000,000,000 (sixty billion pesos) –increasing, together with the amount already authorized timely through Communication A 8256 to a total circulating sum of $140,000,000,000 (one hundred forty billion pesos)–, within the framework of the Issuance Program of Treasury Bills of the Province –as provided in Provincial Laws II 145, II 170 and II 184 and Resolution 163/12-EC of the Provincial Ministry of Economy and Public Credit (and its amendments)– and in accordance with the conditions established in Resolutions 56/25-EC and 191/25-EC– of that ministry and in note NO-2025-139202185-APN-SH#MEC of the Treasury Secretariat of the National Ministry of Economy, 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 dollar-linked Treasury Bills, in accordance with what is provided in Section 2. of the established text on Credit Policy.” We extend our respectful greetings. CENTRAL BANK OF THE ARGENTINE REPUBLIC Pablo D. Montero Marina Ongaro Manager of Emission of Regulations a/c Deputy General Manager of Financial Regulation