Regulatory Alerts2026-05-28 | A 8442Circular CAMEX 1-1063 Foreign Exchange and Currency Adjustments
The Central Bank of the Argentine Republic issued Communication “A” 8442 to authorize financial entities and exchange houses to grant foreign exchange market access for clients' prepayments of principal and interest on financial debts, provided that funds originate from new foreign borrowings or debt securities, are transferred by entities with direct control or within the same economic group, and occur within 72 business hours of settlement. The regulation stipulates that these peso transfers are exempt from the sworn declarations linked to point 3.16.3.4 of the consolidated Foreign Exchange and Currency text, while explicitly prohibiting the double-counting of these funds under other specific market access mechanisms. Furthermore, the Bank will issue replacement forms to update compliance procedures for these newly established prepayment operations.
"2026 - YEAR OF ARGENTINA'S GREATNESS" "2026 - YEAR OF ARGENTINA'S GREATNESS" . COMMUNICATION “A” 8442 28/05/2026 TO FINANCIAL ENTITIES, TO EXCHANGE HOUSES: Ref.: Circular CAMEX 1-1063: Foreign Exchange and Currency. Adjustments.
We address you to inform you that this Institution has adopted the following provisions:
- Establish that entities may grant access to the foreign exchange market to clients to make prepayments of principal and interest on financial debts within the framework of points 3.5.3. and 3.6.4. of the consolidated text on Foreign Exchange and Currency, provided that the remaining applicable requirements are verified, when all of the following conditions are met: 1.1. The prepayment is carried out with funds transferred to the client's local bank account by an individual or legal entity that exercises a direct control relationship over the client, or by other legal entities with which the client forms part of the same economic group. For the purpose of determining the existence of a direct control relationship, the types of relationships described in point 1.2.2.1. of the consolidated text on Large exposures to credit risk shall be considered. Companies sharing a control relationship of the type defined in points 1.2.1.1. and 1.2.2.1. of the consolidated text on Large exposures to credit risk shall be considered members of the same economic group. 1.2. The funds transferred to the client's local bank account have originated in the settlement in the foreign exchange market by the person covered under point 1.1. of new financial borrowings with abroad and/or issuances of debt securities covered under point 3.5. of the consolidated text on Foreign Exchange and Currency. At the time of settlement, notification must be made to the intervening entity that the deposited funds will fall within the framework of the mechanism established in this point, and it must specify who will be the user of the funds. The intervening entity must record both elements in the corresponding foreign exchange purchase receipt. 1.3. The client's access to the foreign exchange market for prepayment takes place within 72 (seventy-two) business hours of the settlement of the new borrowing by the person covered under point 1.1. The portion of the new borrowings used pursuant to this provision shall not be counted for other specific mechanisms that enable access to the foreign exchange market based on the deposit and/or settlement of this type of operations.
-2- 2. Provide that the transfers of pesos made to the client for the purpose of carrying out an operation within the framework of the preceding point 1 shall not be considered for the preparation of sworn declarations associated with point 3.16.3.4. of the consolidated text on Foreign Exchange and Currency. Furthermore, we inform you that we will subsequently send you the forms that, in replacement of those previously provided, shall be incorporated into the reference regulations. We salute you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Romina C. Bianchimano Marina Ongaro Deputy Manager of Foreign Exchange and Currency Rules Deputy General Manager of Financial Regulation