Regulatory Alerts2025-08-29 | A 8311Circular LISOL 1-1115: Net Foreign Currency Position. Adjustments
The Central Bank of the Argentine Republic issued Communication “A” 8311 to amend the Net Foreign Currency Position regulations, requiring financial entities to comply with their net negative foreign currency position on a daily basis starting December 1, 2025. The resolution caps negative daily foreign currency spot positions at 30% of the prior month’s computable equity liability and restricts end-of-month increases relative to the preceding day's balance. These adjustments, effective immediately for certain provisions and December 2025 for others, will be implemented through updated sheets incorporated into the consolidated regulatory text.
. “Year of the Reconstruction of the Argentine Nation” “Year of the Reconstruction of the Argentine Nation” . COMMUNICATION “A” 8311 29/08/2025 TO FINANCIAL ENTITIES: Ref.: Circular LISOL 1-1115: Net Foreign Currency Position. Adjustments.
We write to inform you that this Institution has adopted the resolution which, in its pertinent part, establishes: “1 - To provide, effective from 01/12/25, that the “Net negative foreign currency position” set forth in point 2.1 of the consolidated text on Net Foreign Currency Position shall be complied with daily. 2 - To establish, effective from 01/12/25, that when the “Daily foreign currency spot position” – set forth in point 2.2.2 of the consolidated text on Net Foreign Currency Position – is negative, it may not exceed 30% (thirty percent) of the computable equity liability (CEL) of the month prior to that applicable. 3 - To establish, effective from the current month, that the “Daily foreign currency spot position” – set forth in point 2.2.2 of the consolidated text on Net Foreign Currency Position – may not increase on the last business day of the month compared to the balance recorded on the preceding day.” Furthermore, we inform you that we will subsequently deliver to you the sheets which, in replacement of those previously provided, shall be incorporated into the consolidated text of reference. We salute you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC María N. Prieto Mazzucco Darío C. Stefanelli Deputy Manager of Monetary Regulations and Active Operations Main Manager of Issuance and Regulatory Applications