Regulatory Alerts2025-07-10 | A 8277Circular REMON 1-1134: Minimum Cash. Adjustments.
The Central Bank of the Argentine Republic issued Communication “A” 8277 to amend the Minimum Cash consolidated text by permitting financial entities to transfer non-accumulative excess average minimum cash integration in pesos from July to October 2025 into the following month's position, subject to tiered limits ranging from 4% in July down to 1% in October. The regulation specifies that the adjusted minimum cash requirement (AMCR) applies when prior transfers under point 1.7 have occurred, and mandates that transferred numerals be divided by the number of days in the target period for accurate calculation. These adjustments are formally incorporated into the official consolidated text and published on the Bank's website with highlighted modifications to ensure regulatory compliance.
"Year of the Reconstruction of the Argentine Nation" COMMUNICATION “A” 8277 10/07/2025 TO FINANCIAL ENTITIES: Ref.: Circular REMON 1-1134: Minimum Cash. Adjustments.
We address you to inform you that this Institution has adopted the resolution which, in its pertinent part, establishes:
"- To provide that financial entities may transfer the excess average minimum cash integration in pesos recorded during the periods from July to October 2025, on a non-accumulative basis, to the position of the month following that which generated the excess, with the following limits:
| Period | Up to percentage of the minimum cash requirement in pesos for the period: |
|---|---|
| July 2025 | 4% (four percent) |
| August 2025 | 3% (three percent) |
| September 2025 | 2% (two percent) |
| October 2025 | 1% (one percent) |
In case of having effected a transfer of requirement as provided in point 1.7. of the consolidated text on Minimum Cash, the requirement to be considered shall be the adjusted minimum cash requirement (AMCR).
For the calculation of the transfer of integration, the transferred numerals corresponding to the period shall be computed, divided by the number of days in the period to which the transfer is made."
In this regard, we forward you the sheets that, in replacement of those timely provided, should be incorporated into the consolidated text referenced. In this sense, it is recalled that on the Institution's website www.bcra.gob.ar, accessing “Financial System - LEGAL AND REGULATORY FRAMEWORK - Regulations and summaries - Consolidated texts of general regulations”, the modifications made will be found with text highlighted in special characters (strikethrough and bold).
We remain at your service,
-2- CENTRAL BANK OF THE ARGENTINE REPUBLIC Darío C. Stefanelli Marina Ongaro Chief Manager of Emission and Regulatory Applications Deputy General Manager of Financial Regulation
ANNEX
7.9. Financial entities may transfer the excess average minimum cash integration in pesos recorded during the periods from July to October 2025, on a non-accumulative basis, to the position of the month following that which generated the excess, with the following limits:
| Period | Up to percentage of the minimum cash requirement in pesos for the period: |
|---|---|
| July 2025 | 4% |
| August 2025 | 3% |
| September 2025 | 2% |
| October 2025 | 1% |
In case of transfer of requirement as provided in point 1.7., the requirement to be considered shall be the adjusted minimum cash requirement (AMCR).
For the calculation of the transfer of integration, the transferred numerals corresponding to the period shall be computed, divided by the number of days in the period to which the transfer is made. B.C.R.A. MINIMUM CASH Section 7.Transitional Provisions. Version: 1st. COMMUNICATION “A” 8277 Validity: 11/07/2025 Page 6
| Section | Point | Para. | Comm. | Annex | Section | Point | Para. | Observations |
|---|---|---|---|---|---|---|---|---|
| 4. | 4.1. | “A” 3274 | II | 4. | 4.1. | |||
| 5. | 5.1. | “A” 3274 | II | 5. | 5.1. | According to Comm. “A” 3498, 5693 and 6832. | ||
| 5.2. | “A” 3905 | 5. | According to Comm. “A” 5356 and 5693. | |||||
| 5.3. | “A” 3905 | 5. | According to Comm. “A” 4449, 6167 and 7944. | |||||
| 6. | 6.1. | “A” 7983 | 1. | |||||
| 6.2. | “A” 7983 | 1. | According to Comm. “A” 8018. | |||||
| 6.3. | “A” 7983 | 1. | ||||||
| 6.4. | “A” 7983 | 1. | ||||||
| 6.4.1. | “A” 7983 | 1. | ||||||
| 6.4.2. | “A” 7983 | 1. | According to Comm. “A” 8021. | |||||
| 6.4.3. | “A” 7983 | 1. | ||||||
| 6.5. | “A” 7983 | 1. | ||||||
| 6.5.1. | “A” 7983 | 1. | ||||||
| 6.5.2. | “A” 7983 | 1. | ||||||
| 7. | 7.1.1.1. | “A” 5246 | 3. | |||||
| 7.1.1.2. | “A” 5312 | According to Comm. “A” 5333. | ||||||
| 7.1.2. | “A” 8263 | |||||||
| 7.2. | “A” 7536 | 2. | ||||||
| 7.2.1. | “A” 6858 | 1. | According to Comm. “A” 6901, 6907 and 7536. | |||||
| 7.2.2. | “A” 6937 | 2. | According to Comm. “A” 6943, 7054, 7140, 7155, 7536 and 8252. | |||||
| 7.2.3. | “A” 6993 | 2. | According to Comm. “A” 7082, 7157, 7536 and 8252. | |||||
| 7.2.4. | “A” 7342 | 2. | According to Comm. “A” 7536. | |||||
| 7.2. final | “A” 6858 | 2. | According to Comm. “A” 6965, 6993, 7006, 7140, 7132, 7155, 7157, 7161, 7254, 7342 and 7536. | |||||
| 7.3. | “A” 7983 | 3. | ||||||
| 7.4. | “A” 5631 | 1. | According to Comm. “A” 5638, 6217, 6531, 6857, 6910, 6937, 7114, 7334, 7448, 7951, 7983 and 8026. | |||||
| 7.5. | “A” 8062 | 2. | According to Comm. “A” 8124. | |||||
| 7.6. | “A” 7161 | 5. | According to Comm. “A” 7432, 7459, 7474, 7491, 7536, 7561, 7983 and 8159. | |||||
| 7.7. | “A” 7254 | 1. | According to Comm. “A” 7287, 7536, 7970, 8057 and 8159. Includes regulatory clarification. | |||||
| 7.8. | “A” 8215 | 1. | ||||||
| 7.9. | “A” 8277 |