Regulatory Alerts2025-06-12 | A 8256Circular LISOL 1-1103 OPRAC 1-1283: Financing of the Non-Financial Public Sector. Program for Issuance of Treasury Bills of the Province of Chubut.
The Central Bank of the Argentine Republic, through Communication "A" 8256, waives supervisory observations on the point 2.1 restriction of the Non-Financial Public Sector Financing framework, permitting financial entities to acquire up to $80 billion pesos in Province of Chubut Treasury Bills under Provincial Law II 145 and relevant ministry resolutions. Participating institutions must comply with existing credit risk fragmentation rules, and are explicitly prohibited from applying their foreign currency deposit lending capacity to subscribe to these dollar-linked Treasury Bills. This authorization operates alongside the established conditions set forth in Resolution 56/25-EC and national treasury secretariat correspondence.
. “Year of the Reconstruction of the Argentine Nation” “Year of the Reconstruction of the Argentine Nation” . COMMUNICATION "A" 8256 12/06/2025 TO FINANCIAL ENTITIES: Ref.: Circular LISOL 1-1103, OPRAC 1-1283: Financing of the Non-Financial Public Sector. Program for the Issuance of Treasury Bills of the Province of Chubut.
We address you to inform you that this Institution has adopted the resolution which, in its pertinent part, provides: “- No objections shall be raised, within the framework of the restriction contained in point 2.1 of the ordered text on Financing of the Non-Financial Public Sector, regarding financial entities' ability to acquire Treasury Bills to be issued by the Province of Chubut up to a circulating amount of $80,000,000,000 (eighty billion pesos) within the framework of the Program for the Issuance of Treasury Bills of the Province of Chubut – in accordance with what is provided for in Provincial Law II 145 (and its amendments and/or complements) and Resolution 163/12-EC of the Provincial Ministry of Economy and Public Credit (and its amendments) – and according to the conditions established in Resolution 56/25-EC (modified by Resolution 191/25-EC) of that ministry and in note NO-2025-62188960-APN-SH#MEC of the Treasury Secretariat of the National Ministry of Economy, without prejudice to the compliance by participating financial entities with the provisions on credit risk fragmentation set forth in that regulatory framework. Participating financial entities may not apply their lending capacity from foreign currency deposits to the subscription of said dollar-linked Treasury Bills, in accordance with what is provided for in Section 2. of the ordered text on Credit Policy.” We greet you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Darío C. Stefanelli Marina Ongaro Chief Manager of Issuance and Regulatory Applications Deputy General Manager of Financial Regulation