Circular CONAU 1-1742 RUNOR 1-1977: Monthly Accounting Regime 'Foreign Exchange Operations' (R.I. - O.C.) - Adjustments

"2026 - YEAR OF ARGENTINE GREATNESS"
COMMUNICATION “A” 8491 13/10/2026
TO FINANCIAL ENTITIES,
TO FOREIGN EXCHANGE OPERATORS:
Ref.: Circular
CONAU 1-1742,
RUNOR 1-1977:
Monthly Accounting Regime "Foreign Exchange Operations" (R.I. - O.C.). Adjustments.

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We address you to inform you of the modifications introduced in Section A of the Reference Information Regime.
In this regard, concept code A19 was added to the instructions related to the manner of reporting exchange operations in the procedural rules. Likewise, the wording of point 3.8.c) regarding the tracking mark “AD” was adjusted, and the corresponding normative references were updated for the clarifications included in points 3.32., 3.44., 3.45. and 3.52. of the aforementioned Section. On the other hand, point 23.2.1.8. and errors 39 and 44 of the operational instructions were adjusted, and Annexes III and VI were modified. In this regard, the sheets that, in replacement of those previously provided, must be incorporated into the respective ordered texts are attached. The modifications related to exchange operations will apply to submissions made from 16/10/2026. The remaining adjustments will apply to submissions made from 22/10/2026. We salute you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Mariana A. Díaz Rodrigo J. Danessa Manager of Information Regime Deputy General Manager of Information Regime and Protection of Financial Services Users a/c
ANNEX

Exchange and arbitrage operations conducted with clients must be reported as follows, taking into account the integration guidelines specified in the operational instructions:
Exchanges (or simultaneous exchanges and arbitrages)

• Inflows of funds from abroad that remain deposited locally in foreign currency: a purchase voucher must be registered for the receipt of foreign currency from clients, indicating the concept code defined between the client and the entity that reflects the reason for the transaction, and additionally a sales voucher with concept code A10/A22, as applicable.
• Outflows of funds from the country from local deposits in foreign currency: a sales voucher must be registered for the transfer of foreign currency from clients, indicating the concept code defined between the client and the entity that reflects the reason for the transaction, and additionally a purchase voucher with concept code A10/A19, as applicable.
  Arbitrages
• A purchase voucher must be registered for the receipt of banknotes or other instruments in foreign currency from clients, indicating the concept code defined between the client and the entity that reflects the reason for the transaction, and additionally a sales voucher for the delivery of banknotes or other instruments in foreign currency to clients, indicating the same concept code. The currency code indicated in both vouchers must be different.
  Movements of foreign currency banknotes with abroad must be declared in the lists of operations for arbitrage and exchange with foreign correspondents. Operations conducted through current accounts must be reported as follows:
• Sales of dollars conducted through current accounts: for sales to clients, a foreign exchange sales voucher must be issued indicating instrument code 09 - Operations conducted through current accounts. The counterpart for this foreign exchange sale will be reported among the concepts that make up the daily variation of the PGC (point B.1.16.).
• Purchase of dollars conducted through current accounts: for purchases from clients, a foreign exchange purchase voucher must be issued indicating instrument code 09 - Operations conducted through current accounts. The counterpart for this foreign exchange purchase will be reported among the concepts that make up the daily variation of the PGC (point B.1.17.).
  Identification
  For the purpose of recording foreign exchange operations, the identification modalities contained in point 5.4. of the rules on “Foreign Exchange and Changes” must be taken into account. B.C.R.A. MONTHLY ACCOUNTING INFORMATION REGIME 10 – FOREIGN EXCHANGE OPERATIONS (R.I. – O.C.) Version: 15a. COMMUNICATION “A” 8491 Validity:
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3.8.c) Likewise, since 30.06.2023, operations of sale (A11) registered by concept codes B12, B20 and B21, B06 between 07.04.2021 and 02.01.2022, and B22 since 03.01.2022, inclusive, will also be identified with the code “AD”, simultaneously with operations of purchase (A13) of the concepts indicated. If the sales operations are associated with purchase operations for concepts B24 or P19 or P20, regardless of the time at which the client requests the registration of the operation with the entity, both vouchers must be reported on the date on which the customs entry registration of capital goods occurred.
3.9. For sales operations (A11) corresponding to concept codes S01 to
S31, B06, B10, B15, B17, P06, P08 and P09, those conducted from
14.06.21 to 12.12.2023 inclusive and P01, P04 (until 07.07.2024), I01, I03 from
14.06.21 onwards based on the use of a “Certification of increase in exports
of goods in the year 2021, 2022 and/or 2023” according to point 3.18. the rules on “Foreign Exchange and Changes” (code “CE”). Similarly, operations conducted with concept codes B19 and B21 from 01.11.2021 to 12.12.2023 inclusive, B22 from 03.01.2022 to 12.12.2023 inclusive and P23, P24 and P25 from
08.07.2024 will be identified.
3.10. Operations eligible for the application of income from foreign financial indebtedness
pursuant to point 3.19. of the rules on “Foreign Exchange and Changes” conducted from 27.08.2021 to 12.12.2023 inclusive:
3.10.a) For purchase operations (A13) conducted for concept codes P01, P04, P06, P08 and P09, eligible operations must be specified using the code “PF”. 3.10.b) Sales operations (A11) conducted for the application of income from foreign financial indebtedness, through concept codes:
S01 to S31 with related parties, B06, B10, B15 and B17 will be identified with the code “PF”.
Similarly, operations conducted with concept codes B19 and B21 from 01.11.2021 to 12.12.2023 inclusive; with concept codes B05, B07, B12, B16, B18, B20 and B22 from 03.01.2022 to 12.12.2023 inclusive will be identified.
3.11. For sales operations (A11) corresponding to concept codes B05,
B07, B10, B12, B13, B15, B16, B17, B18, B19, B20 and B21 conducted from 06.05.2022 to 12.12.2023 inclusive, those conducted in accordance with what is provided for financing with foreign credit lines in point 10.11.12. of the rules on “Foreign Exchange and Changes” (code “LA”) will be identified.
3.12. For sales operations (A11) corresponding to concept codes S01 to
S31 from 04.03.2022 to 31.10.2022 inclusive; B06, B15, B17 and B22 from 04.03.2022 to 11.05.2025 inclusive; B05, B07, B10, B12, B13, B16, B18, B19, B20 and B21 conducted from 04.03.2022; and S16, S17, S18, S19 and S22 conducted from
21.04.2023 inclusive, those conducted in accordance with what is provided
for financing with foreign credit lines in point 10.10.2.3. of the rules on “Foreign Exchange and Changes” (code “LB”) will be identified. The identification with code “LB” is extended for operations conducted with concept codes S01 to S31 from 13.12.2023 in accordance with what is provided in point 13.3.1. of the rules on “Foreign Exchange and Changes”. B.C.R.A. MONTHLY ACCOUNTING INFORMATION REGIME 10 – FOREIGN EXCHANGE OPERATIONS (R.I. – O.C.) Version: 38a. COMMUNICATION “A” 8491 Validity:
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For the technical recording related to the refinancing of financial debt with related counterparties within the framework of point 3.5.6.9. of the rules on “Foreign Exchange and Changes”, the intervening entity must prepare on the date on which the refinancing occurred, a purchase voucher and a sales voucher, without fund movement, both in the name of the client under concept code P17 (valid from 10.04.2026) and for identical amounts.
3.33. For sales operations (A11) corresponding to concept codes B05,
B06, B07, B10, B12, B13, B15, B16, B17, B18, B19, B20, B21 and B22 conducted from
04.11.2022 to 12.12.2023 inclusive, those operations included in point 1.4. of Communication “A” 7622 and complementary (code “IF”) will be identified.
3.34. For purchase operations (A13) corresponding to concept codes B01,
B02 and B03 conducted from 10.04.2023 to 31.08.2023 inclusive, those operations included within the framework of Chapter II of Decree 194/23 (code “XR”) will be identified.
3.35. For purchase operations (A13) corresponding to concept codes B02
and B03 conducted from 10.04.2023 to 31.08.2023 inclusive, those operations conducted in accordance with what is provided in point 1. of Communication “A” 7570 and simultaneously within the framework of Chapter II of Decree 194/23 (code “YR”) will be identified.
3.36. Operations eligible according to what is provided in point 7.11. of the rules on
“Foreign Exchange and Changes” from 19.05.2023:
3.36.a) For purchase operations (A13) conducted from 19.05.23 onwards for concept codes P01, P04 (until 07.07.2024), P06, P08, P12, P18 and B23 and, from 08.07.2024, P23, P24, P25 and P26, they will be identified with code “AI” and the necessary code must additionally be indicated to enable subsequent tracking (APX). 3.36.b) For sales operations (A11) conducted for concept codes B05, B07, B10, B12, B13, B16, B18 to B21; and B06, B15, B17 and B22 until 11.05.2025 inclusive; and S30 simultaneously with purchase operations (A13) of the concepts indicated, they will be identified with code “AI”. If the sales operations are associated with purchase operations for concepts B23 or P18, regardless of the time at which the client requests the registration of the operation with the entity, both vouchers must be reported:
i) on the date on which the agreed purchase condition was met when the creditor is the supplier itself or ii) on the date on which the foreign supplier received the funds directly from abroad by the financier; as applicable. 3.36.c) For sales operations (A11) conducted for concept codes P01, P04 (until 07.07.2024), P06, P08, P12, P18 and B23 and, from 08.07.2024, P23, P24, P25 and P26, which correspond to the cancellation by the foreign exchange market of a purchase operation (A13) reported as eligible for the application of foreign currency (code “AI”) and which was not cancelled through the application of foreign currency from export collections, the assigned code APX and the date corresponding to the registration of the original eligible operation must be indicated (this date will be integrated into field 20 of the respective design). B.C.R.A. MONTHLY ACCOUNTING INFORMATION REGIME 10 – FOREIGN EXCHANGE OPERATIONS (R.I. – O.C.) Version: 19a. COMMUNICATION “A” 8491 Validity:
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3.42.a) For purchase operations (A13) conducted for concept code B02, B29 from 27.01.2025 to 22.08.2025 inclusive, B29 from 22.09.2025 and B32 from 01.01.2026, they will be identified with code “BV”. 3.42.b) For sales operations (A11) corresponding to concept codes B06, B15, B17, B22 and S01 to S31, they will be identified with code “BV”.
3.43. For sales operations (A11) conducted from 10.02.2024 onwards for concept codes B06, B15, B17, B22 and S01 to S31, those operations related to payments of debts for imports of goods and services prior to 13.12.2023 of Small and Medium Enterprises within the framework of points 10.11.7. and 13.4.8. of the rules on
“Foreign Exchange and Changes” (Code “MP”) will be identified.
3.44. For sales operations (A11) conducted from 01.07.2024 onwards for concept codes B06, B15, B17, B22, S01 to S31, I03 and P10 related to exchange and/or arbitrage with funds deposited in a local account and originating from collections of principal and interest in foreign currency from BOPREAL (Points 3.4.4.2., 3.13.1.14,
4.8.1., 10.11.4. and 13.4.5. of the rules on “Foreign Exchange and Changes”) and from 31.10.2025 onwards for concept codes I01 and P01 in accordance with what is provided in point 3.5.6.5. of the rules on “Foreign Exchange and Changes”, they will be identified with code “CB”.
3.45. Operations conducted corresponding to payments of interest on commercial or financial debts with related counterparties with simultaneous settlement of new foreign financial indebtedness or new direct investment contribution from non-residents,
within the framework of points 3.3.3.4. or 3.5.6.7. of the rules on “Foreign Exchange and Changes”, from 05.07.2024:
3.45.a) For purchase operations (A13) conducted for concept code P01, P03, P04 (until 07.07.2024), P06, P08 and, from 08.07.2024, P23, P24 and P25, they will be identified with code “PV”. 3.45.b) For sales operations (A11) corresponding to concept code I01, they will be identified with code “PV”.
3.46. For sales operations (A11) conducted from 13.06.2024 onwards for concept codes B05, B07, B10, B12, B18 to B21; B06, B15 and B22 from 13.06.2024
to 11.05.2025 inclusive, those operations related to payments for imports of goods for the administration and maintenance of railway infrastructure and the operation of railway services on the National Railway Network, within the framework of what is established by Decree 525/24 (point 10.10.2.12. of the rules on “Foreign Exchange and Changes”) will be identified with code “FC”.
3.47. For sales operations (A11) conducted from 22.11.2024 onwards for concept codes B07, B10, B12, B13, B16, B18 to B21; B06, B15, B17 and B22 from 22.11.2024 to 11.05.2025 inclusive and S01 to S31, those operations related to exchange and/or arbitrage of funds deposited in a foreign currency account in a local financial entity for the payment of imports of goods and services (points 10.10.2.13.i), 10.10.2.14.i) and 13.3.9. of the rules on “Foreign Exchange and Changes”) will be identified with code “CJ”.
B.C.R.A.
MONTHLY ACCOUNTING INFORMATION REGIME
10 – FOREIGN EXCHANGE OPERATIONS
(R.I. – O.C.)
Version: 33a. COMMUNICATION “A” 8491 Validity:
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3.52. For purchase operations (A13) corresponding to concept code P22 that
are conducted from 22.05.26 onwards, related to operations eligible for the application of export collections of goods within the framework of point 7.3.5. of the rules on “Foreign Exchange and Changes”, they will be identified with code “AP”. Additionally, the necessary code must be indicated to enable subsequent tracking (APX). Operations accessing the foreign exchange market (A11) corresponding to different situations whose specific identification for tracking purposes is required according to what is indicated in the preceding points that are applicable, must be reported on separate vouchers. B.C.R.A. MONTHLY ACCOUNTING INFORMATION REGIME 10 – FOREIGN EXCHANGE OPERATIONS (R.I. – O.C.) Version: 19a. COMMUNICATION “A” 8491 Validity:
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Field 4.c) TRACKING – Positions 4 and 5
Additionally, positions 4 and 5 must be completed, taking into account what is provided in points 3.6 to 3.51 of the NP (except points 3.49 and 3.50 of the NP) and in
Annex III of these instructions.
Field 4.d) FUNDING IDENTIFICATION – Position 6 For concepts B04, P12, B27, B31 and P26, the corresponding code must be indicated in position 6, in accordance with what is established in point 3.3. of the NP and in
Annex V of these instructions.
Field 4. e) IDENTIFICATION OF EXCHANGES AND ARBITRAGES – Position 7 In all operations A11, A13, A21 and A23, position 7 must be completed taking into account what is provided in the general instructions of the NP and in Annex VI of these instructions. Position 8 will be completed with blanks.
23.2.1.5. Field 13 is mandatory for integration only when a correspondent is involved in the reported operation (operation types A15, A16, A25 and A26 –always mandatory– and
A11, A13, A21 and A23, when applicable).
23.2.1.6. Fields 16 “Final Beneficiary/Ordering Country Code” and 17 “Name of Foreign Beneficiary/Ordering” will be completed in accordance with the guidelines established in
Annexes I and II of this section.
23.2.1.7. Description type fields (fields 10 and 17 of design 2713) must not contain tab characters or quotes. They must be generated in uppercase characters without accents.
23.2.1.8. In cases of cancellations (operation codes A21 to A26), the date on which the original operation was finalized will be indicated in field 20. It must be verified that it matches all fields previously reported for the original operation being cancelled, except for information/operation date, internal voucher number, and shipment date. Fields 4, 24 and 25 may not match in the following cases:

• field 4: for operations prior to 1/7/10;
• field 24: for operations prior to 1/12/09 or 27/7/12 for concept codes 118 and 173; for operations subsequent to 11/11/17 and until 1/9/19;
  for operations prior to 2/10/2020 for concept codes P01, P03, P04, P06 and P08 conducted with operation type A13; for operations prior to 07/11/2023 for concept codes P12 conducted with operation type A13; for operations prior to 19/5/2023 for concept codes B23 and P18 with operation type A13; for operations prior to 07/04/2021 for concept codes B24, P19 and P20 conducted with operation type A13.
• field 25: for operations prior to 23/6/14 and until 30/6/17; for operations between 30/6/17 and until 1/9/19.
  For cancellations of the situations provided in point 23.2.1.10., the existence of at least one record will imply the automatic cancellation of all records containing the same internal voucher number. B.C.R.A. SUBMISSION OF INFORMATION TO THE CENTRAL BANK
  Section 23. Foreign Exchange Operations.
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B.C.R.A. SUBMISSION OF INFORMATION TO THE CENTRAL BANK
Section 23. Foreign Exchange Operations.
Code Legend Cause
39 INCONSISTENCY IN CANCELLATION FIELDS WITH RESPECT TO ORIGINAL OPERATION Regarding an operation of type A21 to A26, no operation of type A11 to A16 was found for the date reported in field 20 with matching in all fields except fields 3, 4, 6 and 20 (first paragraph of point 23.2.1.8.). Exception:

• field 4 for operations prior to 1/7/10;
• field 24 for operations prior to 1/12/09, or 27/7/12 for concept codes 118 and 173; for operations subsequent to 11/11/17 and until 1/9/19; for operations prior to 2/10/2020 for concept codes P01, P03, P04, P06 and P08
  conducted with operation type A13; for operations prior to 07/11/2023 for concept codes P12 conducted with operation type A13; for operations prior to 19/5/2023 for concept codes B23 and P18 with operation type A13; for operations prior to 07/04/2021 for concept codes B24, P19 and P20 conducted with operation type A13.
• field 25 for operations prior to 23/6/14; for operations between 30/6/17
  and until 01/9/19
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Version: 4a. COMMUNICATION “A” 8491 Validity:
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B.C.R.A. SUBMISSION OF INFORMATION TO THE CENTRAL BANK
Section 23. Foreign Exchange Operations.
Code Legend Cause
44 INCONSISTENCY IN EXCHANGE OPERATIONS

• The total USD equivalent amount corresponding to operations A11 minus
  A21, with concept code A10 or A22 and identical combination of fields 8 and 9 and code 1 in position 7 of field 4, does not correspond to the total USD equivalent amount of operations A13 minus A23, with concept code different from A10 or A22 and identical combination of fields 8 and 9 and code 1 in position 7 of field 4, or
• The total USD equivalent amount corresponding to operations A13 minus
  A23, with concept code A10 or A19 and identical combination of fields 8 and 9 and code 1 in position 7 of field 4, does not correspond to the total USD equivalent amount of operations A11 minus A21, with concept code different from A10 or A22 or A19 and identical combination of fields 8 and 9 and code 1 in position 7 of field 4. 45 INCONSISTENCY IN ARBITRAGE OPERATIONS The total USD equivalent amount corresponding to operations A11 minus A21, with identical combination of fields 8, 9 and 19 and code 2 in position 7 of field 4, does not correspond to the total USD equivalent amount of operations A13 minus A23, with identical combination of fields 8, 9 and 19 and code 2 in position 7 of field 4.

Annex III
Integration guidelines for positions 4 and 5 of field 4 Positions 4 and 5 must be governed according to the guidelines detailed below:
B01 B02 B03 B04 B05 B06 B07 B10 B12 B13 B15 B16 B17 B18 B19 B20 B21 B22 B23 B24 B27 B28 B29 B30 B31 B32 l01 I03 P01 P01 P03 P03 P06 P06 P08 P08 P09 P09 P10 P12 P13 P16 P18 P19 P20 P22 P23 P23 P24 P24 P25 P25 P26 S01 to S31 S16 S17 S18 S19 S22 S30 A13 A11 A13 A11 A11 A13 A11 A13 A11 A13 A11 A13 A11 A13 A11 A11 A13 A11 A11 A13 A11 A13 A11 A13 A11 A13 A13 A11 Cod. Tracking Validity Since Validity Until 02/10/20 X 08/07/24 X x 07/04/21 X 08/07/24 x 07/04/21 X 07/04/21 X 03/01/22 X 30/06/23 X 08/07/24 x 14/06/21 X 08/07/24 x 27/08/21 X 08/07/24 X 04/03/22 X 21/04/23 X 13/12/23 X 20/05/22 X 27/01/23 X 13/12/23 X 08/07/24 X 22/09/25 X 01/01/26 X 21/04/23 X 13/12/23 X 08/07/24 X SE 13/12/23 X 01/01/23 X 12/06/23 X 08/07/24 X x x 19/05/23 X 08/07/24 X 02/06/23 X 08/07/24 X BL 13/12/23 X PI RF LB XB PS GP AI CONCEPT OPERATION TYPE AB AM AD CE B.C.R.A. SUBMISSION OF INFORMATION TO THE CENTRAL BANK
Section 23. Foreign Exchange Operations.
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Annex VI
Guidelines for the integration of position 7 of field 4 In all operations A11, A13, A21, and A23, the code corresponding to the type of operation must be recorded:
0 = exchange operation
1 = swap (or simultaneous swap and arbitrage)
2 = currency arbitrage
For these purposes, the following integration guidelines must be observed:

Type of Operation	Concept Code	Admitted Value
A11 or A21<br>A13 or A23	All, except A10 or A22	0
A11 or A21<br>A13 or A23	All, except those included in the list of non-admitted concepts, according to the type of operation.	1
A11 or A21<br>A13 or A23	A10 or A22<br>A10 or A19	1
A11 or A21<br>A13 or A23	All, except A10 or A22	2

List of non-admitted concepts for swap operations (code 1) according to the type of operation

Type of Operation	Concept Code
A11 or A21<br>A13 or A23	B04 - B23 - B24 - B26 - B27 - B31 - S33 - I02 - I09 - I11 - I12 - I13 - A09 - A11 - A12 - A16 - A20 - A21 - P12 - P15 - P17 - P18 - P19 - P20 - P21 - P22 - P25 - P26 - P27 - P28

B.C.R.A. SUBMISSION OF INFORMATION TO THE CENTRAL BANK
Section 23. Exchange Operations.
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