Regulatory Alerts2025-08-07 | A 8299Circular CAMEX 1-1050 OPASI 2-738: Regulation of the Bank Current Account. Adjustments.
The Banco Central de la República Argentina issued Communication 'A' 8299 to incorporate the United States dollar as an admitted currency for operating bank current accounts, specifying that electronic checks (ECHEQ) may be drawn in dollars and overdraft cancellations must use freely available dollar funds. Financial entities are required to adopt the necessary mechanisms, either directly or through third parties, to enable clients to deposit ECHEQ in US dollars by December 1, 2025. The communication updates the ordered text of the bank current account regulations and savings/salary accounts, detailing procedural manuals, client identification requirements, ATM withdrawal limits of 60,000 pesos per day, and FATF/OCDE compliance declarations.