Circular CAMEX 1-1031: Foreign Exchange and Changes. Adjustments.

"AÑO DE LA DEFENSA DE LA VIDA, LA LIBERTAD Y LA PROPIEDAD" "AÑO DE LA DEFENSA DE LA VIDA, LA LIBERTAD Y LA PROPIEDAD"

COMMUNICATION "A" 8129 07/11/2024

TO FINANCIAL ENTITIES,
TO EXCHANGE HOUSES:

Ref.: Circular
CAMEX 1-1031:
Foreign Exchange and Changes. Adjustments.

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We address you to inform you that this Institution adopted the following resolution:

1. Establish that entities, within the framework of what is provided in point 3.11.2 of the consolidated text on Foreign Exchange and Changes, may also grant access to the foreign exchange market to residents who must make payments for services of debts included in point 3.5 or of local debt instruments included in point 3.6 for the purchase of foreign currency prior to the period admitted by the regulations under the following conditions:

1.1. the acquired funds are deposited in foreign currency accounts in their ownership opened in local financial entities;

1.2. the access is carried out within the 60 (sixty) calendar days prior to the date of the payment to be made;

1.3. the access is carried out for a daily amount that does not exceed 10% (ten percent) of the amount to be settled at maturity; and

1.4. the intervening entity has verified that the indebtedness, whose service will be settled with these funds, complies with the current foreign exchange regulations under which such access is admitted.

2. Establish as an additional condition to access the foreign exchange market, within the framework of what is provided in point 3.5 of the consolidated text on Foreign Exchange and Changes, to make a transfer abroad to pay the principal of debt titles issued from 08/11/24, including those that fall under Communication A 8055, that the payment takes place once at least 365 (three hundred and sixty-five) calendar days have elapsed from its date of issuance.

Likewise, we inform you that we will subsequently send you the sheets that, in replacement of those provided in due course, will need to be incorporated into the reference norms.

We greet you sincerely.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Oscar C. Marchelletta Marina Ongaro
Main Manager of Foreign Exchange and Changes
General Manager of Financial Regulation