2026-03-26 | A 8412

Circular LISOL 1-1136 OPRAC 1-1306: Non-Financial Public Sector Financing. Buenos Aires Province Treasury Letters Issuance Program for the 2026 Exercise

The Central Bank of the Argentine Republic issued Communication “A” 8412 to authorize financial entities to acquire up to USD 550 million and ARS 89.5 billion in Province of Buenos Aires Treasury Letters for the 2026 exercise, subject to provincial Laws 13,767, 14,552 and 15,561 and Ministry of Economy note NO-2026-29343690-APN-SH#MEC. The resolution waives credit risk fractionalization restrictions for these acquisitions while explicitly prohibiting the application of foreign currency deposit lending capacity to their subscription. This authorization operates within the existing Non-Financial Public Sector Financing framework and Section 2 of the Credit Policy ordered text.

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. "2026 - YEAR OF ARGENTINE GREATNESS" "2026 - YEAR OF ARGENTINE GREATNESS" . COMMUNICATION “A” 8412 26/03/2026 TO FINANCIAL ENTITIES: Ref.: Circular LISOL 1-1136, OPRAC 1-1306: Non-Financial Public Sector Financing. Issuance Program for Treasury Letters of the Province of Buenos Aires for the 2026 Exercise.


We write to inform you that this Institution has adopted the resolution which, in its relevant part, stipulates: “- No observations shall be raised, within the framework of the restriction contained in point 2.1 of the ordered text on Non-Financial Public Sector Financing, regarding financial entities' ability to acquire Treasury Letters to be issued by the Province of Buenos Aires up to nominal value amounts of USD 550,000,000 (five hundred fifty million US dollars) and ARS 89,500,000,000 (eighty-nine billion five hundred million pesos), within the framework of the Provincial Treasury Letters Issuance Program for the 2026 exercise –as provided in provincial Laws 13,767, 14,552 and 15,561– and in accordance with the conditions established in note NO-2026-29343690-APN-SH#MEC of the Treasury Secretariat of the National Ministry of Economy, without prejudice to participating financial entities' compliance with the provisions on credit risk fractionalization set forth in that regulation. Participating financial entities may not apply their foreign currency deposit lending capacity to the subscription of the aforementioned Treasury Letters, in accordance with Section 2. of the ordered text on Credit Policy.” We extend our respectful greetings. CENTRAL BANK OF THE ARGENTINE REPUBLIC Darío C. Stefanelli Marina Ongaro Chief Manager of Issuance and Regulatory Applications Deputy General Manager of Financial Regulation