2026-01-22 | A 8391

Ref.: Circular LISOL 1-1131 OPRAC 1-1302 Financing for the Non-Financial Public Sector. Treasury Notes (“Letras ER 2026”) of the Province of Entre Ríos

The Central Bank of the Argentine Republic issues Communication "A" 8391 to waive credit risk segmentation restrictions, allowing financial institutions to acquire up to $152.8 billion (or USD equivalent) in Entre Ríos Province Treasury Notes (Letras ER 2026). This authorization applies under provincial Laws 5.140, 10.111, and 11.234 and aligns with the Ministry of Economy's Secretariat of Finance conditions, while explicitly prohibiting the use of foreign currency deposit lending capacity for these subscriptions. Participating institutions must continue to comply with existing credit risk segmentation rules and the consolidated text on Financing for the Non-Financial Public Sector.

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. . COMMUNICATION "A" 8391 22/01/2026 TO FINANCIAL INSTITUTIONS: Ref.: Circular LISOL 1-1131, OPRAC 1-1302: Financing for the non-financial public sector. Treasury Notes (“Letras ER 2026”) of the province of Entre Ríos.


We address you to inform you that this Institution has adopted the resolution which, in its relevant part, provides: “- No observations shall be made, within the framework of the restriction contained in point 2.1 of the consolidated text on Financing for the Non-Financial Public Sector, regarding financial institutions' ability to acquire Treasury Notes (Letras ER 2026) to be issued by the province of Entre Ríos up to a total amount of $152,812,734,800 (one hundred fifty-two billion eight hundred twelve million seven hundred thirty-four thousand eight hundred) and/or its equivalent in United States dollars, within the framework of provincial Laws 5.140, 10.111 and 11.234 and in accordance with the conditions established in note NO-2026-06481969-APN-SH#MEC of the Secretariat of Finance of the Ministry of Economy of the Nation, without prejudice to the compliance by the participating financial institutions with the provisions on credit risk segmentation set forth in said regulation. The participating financial institutions may not apply their lending capacity from foreign currency deposits to the subscription of the aforementioned Treasury Notes, in accordance with what is provided in Section 2. of the consolidated text on Credit Policy.” We extend our respectful regards. CENTRAL BANK OF THE ARGENTINE REPUBLIC Darío C. Stefanelli Marina Ongaro Chief Manager of Issuance and Regulatory Applications Deputy General Manager of Financial Regulation