Circular CAMEX 1-1059: Foreign Exchange and Currency Adjustments

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NOTICE “A” 8390 22/01/2026
TO FINANCIAL ENTITIES,
TO EXCHANGE HOUSES:
Ref.: Circular CAMEX 1-1059: Foreign Exchange and Currency. Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution has adopted the following resolution:

1. Replace section 3.6.4.6. of the Consolidated Text on Foreign Exchange and Currency with the following:
   “ 3.6.4.6. Prepayment of principal and interest on a security included in this section 3.6, or foreign currency financing from a local financial entity that was not granted based on an external credit line simultaneously with the settlement of a new security also included in section 3.6. i) the prepayment of principal and accrued interest on a security included in this section 3.6, or foreign currency financing from a local financial entity that was not granted based on an external credit line shall be carried out simultaneously with the funds settled by the issuance of a new security included in section 3.6. ii) the average life of the new security shall be greater than the remaining average life of the prepaid debt. iii) the accumulated amount of principal maturities of the new security shall at no time, until the maturity date of the prepaid debt, exceed the accumulated amount of principal maturities of the prepaid debt.”
2. Incorporate as section 3.6.4.X. of the Consolidated Text on Foreign Exchange and Currency the following:
   “ 3.6.4.X. Prepayment of principal and accrued interest on a security included in this section 3.6, or foreign currency financing from a local financial entity that was not granted based on an external credit line simultaneously with the settlement of new foreign currency financing from a local financial entity. i) the prepayment of principal and interest on a security included in this section 3.6, or foreign currency financing from a local financial entity that was not granted based on an external credit line shall be carried out simultaneously with the funds settled by new foreign currency financing granted by a local financial entity.

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In the event that foreign currency financing from a local entity is prepaid, the provision in the preceding paragraph shall be considered fulfilled when certified by the entity granting the new financing regarding settlement of the required amount within 48 (forty-eight) prior business hours. ii) the average life of the new debt shall be greater than the remaining average life of the prepaid debt. iii) the accumulated amount of principal maturities of the new debt shall at no time, until the maturity date of the prepaid debt, exceed the accumulated amount of principal maturities of the prepaid debt.” Furthermore, we inform you that we will subsequently deliver the sheets to replace those previously provided, which must be incorporated into the referenced regulations. We respectfully greet you. CENTRAL BANK OF THE ARGENTINE REPUBLIC Oscar C. Marchelletta Marina Ongaro Chief Manager of Foreign Exchange and Currency Deputy General Manager of Financial Regulation