Regulatory Alerts2025-09-18 | A 8330Circular CAMEX 1-1053 Foreign Exchange and Currency Adjustments
The Central Bank of the Argentine Republic issued Circular CAMEX 1-1053 to eliminate the USD 36,000 annual cap on service export receipts for natural persons and prohibit financial entities from charging commissions on foreign currency account crediting, permitting only at-cost pass-through of intermediary fees. The regulation also extends the settlement deadline for specific goods exports to 30 calendar days and mandates updated reference sheets to be incorporated into the consolidated Foreign Exchange and Currency framework. These adjustments streamline cross-border transactions, reduce costs for resident individuals, and align procedural timelines with current trade classifications.
. “Year of the Reconstruction of the Argentine Nation” “Year of the Reconstruction of the Argentine Nation” . COMMUNICATION “A” 8330 18/09/2025 TO FINANCIAL ENTITIES, TO EXCHANGE HOUSES: Ref.: Circular CAMEX 1-1053: Foreign Exchange and Currency. Adjustments.
We address you to inform you that this Institution has adopted the following resolution:
- To set aside the annual limit of USD 36,000 (thirty-six thousand United States dollars) provided for in point 2.2.2.1 of the consolidated text on Foreign Exchange and Currency, thereby enabling natural persons to use the exception mechanism for the settlement obligation of service export receipts established therein without an amount limit.
- To establish that entities may not charge commissions in those transactions carried out by resident natural persons involving the crediting of foreign currency income to accounts opened by the client in foreign currency. This is without prejudice to the passing on to the client of charges corresponding to services provided by intervening foreign entities in the transfer, duly documented and which may only be passed on to users at cost.
- To replace point 7.1.1.2 of the consolidated text on Foreign Exchange and Currency regarding the deadline for the receipt and settlement of goods export receipts, with the following: “7.1.1.2. 30 (thirty) calendar days for goods exports corresponding to tariff positions 1003.90.10, 1003.90.80, 1007.90.00 and to those corresponding to chapter 27 (except for tariff positions 2710.19.31, 2710.19.32, 2710.19.99 and 2716.00.00).” Furthermore, we inform you that we will subsequently deliver the sheets that, replacing those previously provided, must 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