Circular CAMEX 1-1060: Foreign Exchange and Currency Adjustments.

. "2026 - YEAR OF ARGENTINE GREATNESS" "2026 - YEAR OF ARGENTINE GREATNESS" .
COMMUNICATION “A” 8417 09/04/2026
TO FINANCIAL ENTITIES,
TO EXCHANGE HOUSES:
Ref.: Circular CAMEX 1-1060: Foreign Exchange and Currency. Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution has adopted the following provisions:

1. Establish that natural persons will be exempt from the obligation to settle foreign currency receipts from goods exports, provided they confirm the inflow of funds through the foreign exchange market within the regulatory timeframes and meet the same conditions governing services exports by natural persons as set forth in point 2.2.2.1 of the consolidated text on Foreign Exchange and Currency.
   Such exception will not cover officialized exports by natural persons acting on behalf of legal entities, estates, or other universals.
   For the purpose of registering foreign exchange operations, a mechanism equivalent to that currently used for services exports by natural persons exempt from the settlement obligation will be utilized.
2. Extend to all service categories the exemption from the settlement obligation for foreign currency receipts from services exports carried out by natural persons, as provided in Communication A 8330, which amends point 2.2.2.1 of the consolidated text on Foreign Exchange and Currency.
3. Increase the limit stated in point 7.1.1.3.i) of the consolidated text on Foreign Exchange and Currency regarding the timeframe for foreign currency inflow and settlement applicable to goods exports where the importer is a company controlled by the Argentine exporter.
   For officialized exports effective from 01/01/26, the aforementioned provision will apply provided that the exporter has not registered goods exports totaling more than USD 200,000,000 (two hundred million US dollars) in the calendar year immediately preceding the officialization of the destination.
4. Extend to 365 (three hundred sixty-five) calendar days the timeframe for inflow and settlement of foreign currency countervalue for exports to unaffiliated counterparties corresponding to goods under chapters 42, 61, 62, 64, and 65 and tariff position 8401.40.00 (Nuclear reactor parts) of the Mercosur Common Nomenclature (NCM).

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5. Establish that entities, provided the remaining applicable regulatory requirements are met, may grant foreign exchange market access to clients for the payment of principal and interest on securities covered by points 3.6.1.3 to 3.6.1.5 of the consolidated text on Foreign Exchange and Currency, up to 3 (three) business days prior to maturity.
6. Repeal the limits established in point 4.1 of the consolidated text on Foreign Exchange and Currency for foreign withdrawals made as cash advances to cardholders granted by financial entities and other local credit/purchase card issuers.
7. Establish, effective from 10/04/26, that to process foreign currency transfers under point 3.14.1 of the consolidated text on Foreign Exchange and Currency, intervening entities must:
7.1. Have registered the operation in the new online system implemented by the Central Bank of the Argentine Republic for this purpose.
This requirement will only apply from the moment the Central Bank of the Argentine Republic informs that the new online system is available for use by entities.
7.2. In all cases, hold a sworn statement from the client confirming that they commit, from the moment they transfer foreign currency abroad and for the subsequent 90 (ninety) calendar days, not to enter into, directly or indirectly, or on behalf of third parties, purchases of securities settled in foreign currency.
The aforementioned commitment will not cover purchases of securities settled in foreign currency that are executed:
7.2.1. within the framework of primary subscriptions of debt securities issued by residents, provided the buyer holds them in their portfolio for at least 15 (fifteen) business days; or
7.2.2. from the reinvestment of foreign currency receipts for capital services or interest on securities issued by the National Treasury or the Central Bank of the Argentine Republic within 15 (fifteen) business days following the receipt date.
8. Establish that prior approval as provided in point 3.5.6 of the consolidated text on Foreign Exchange and Currency will not be required to grant foreign exchange market access for the payment of principal on financial indebtedness with affiliated counterparties in the following situations:
8.1. When funds received from abroad for financial indebtedness covered by point 3.5, granted by the same creditor or other foreign creditors affiliated with the debtor, are settled simultaneously, provided they have a remaining average life of no less than 4 (four) years and include at least 3 (three) years of grace for principal payment.

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8.2. When the principal payment corresponds to a financial indebtedness covered by point 3.5, with a remaining average life of no less than 4 (four) years, including at least 3 (three) years of grace for principal payment, and originated from 10/04/26 as a result of refinancing with the same creditor of due principal payments, subject to the prior approval provided in said point 3.5.6.
For these cases, the refinancing granted by the affiliated creditor must be registered complying with the timeframes stated in the preceding paragraph, by issuing foreign exchange vouchers without foreign currency movement.
9. Incorporate as point 3.12.X of the consolidated text on Foreign Exchange and Currency, the following:
“3.12.X. Entities may grant foreign exchange market access for the payment of premiums, establishment of guarantees, and settlements corresponding to foreign currency hedging contracts for residents' declared and validated obligations with abroad (where applicable) in the “Survey of Foreign Assets and Liabilities”, provided that risks covered do not exceed the foreign liabilities effectively registered by the debtor in the currency whose risk is being hedged through these contracts. Clients accessing the foreign exchange market using this mechanism must designate an entity to monitor the operation and sign a sworn statement committing to inflow and settle funds due to the local client resulting from that operation, or from the release of funds from established guarantees, within 5 (five) business days following.” Furthermore, we inform you that we will subsequently deliver the forms to replace those previously provided, which must be incorporated into the referenced regulations. We remain, respectfully yours, CENTRAL BANK OF THE ARGENTINE REPUBLIC Oscar C. Marchelletta Marina Ongaro Chief Manager of Foreign Exchange and Currency Deputy General Manager of Financial Regulation