Regulatory Alerts2025-07-10 | A 8276BCRA Circular LISOL 1-1112: Net Foreign Currency Position Adjustments
The Central Bank of the Argentine Republic (BCRA) issued Communication "A" 8276 to amend the Net Foreign Currency Position (NFCP) framework by permitting financial entities to allocate peso-denominated financings with US dollar-linked variable remuneration toward the expanded positive NFCP limit. The regulation allows this positive position to reach up to 30% of Regulatory Capital (RPC) when the excess originates exclusively from National Treasury Bills or specific credit policy financings granted after July 10, 2025. Furthermore, it excludes designated peso loan contracts and BOPREAL subscription positions from the NFCP calculation to align regulatory capital requirements with current market operations.
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