Regulatory Alerts2025-10-27 | A 8347Circular OPASI 2-739: Regulation of the Bank Current Account. Clarification.
The Central Bank of the Argentine Republic issued Communication “A” 8347 to clarify that fines from rejected United States dollar electronic checks (ECHEQ) must be converted to pesos using the reference exchange rate (Communication A 3500) effective on the date of actual payment. This clarification updates the consolidated regulation text by specifying that banking entities and the Central Bank will continue to debit these fines from current accounts, with amounts set at 4% (minimum $100, maximum $50,000) or reduced to 2% (minimum $50, maximum $25,000) when settled within 30 calendar days. The updated pages are now accessible on the BCRA website with highlighted modifications, ensuring consistent operational reporting and enforcement under existing legal frameworks.