Rule · BCRA · 30 Oct 2025 · A 8349
The Central Bank of the Argentine Republic waives restrictions under point 2.1 of the Non-Financial Public Sector Financing consolidated text, permitting financial entities to acquire up to USD 300 million and ARS 89.5 billion in Buenos Aires Province Treasury Bills for the 2025 fiscal year. Participating financial institutions may purchase these USD-linked bills without applying their foreign currency deposit lending capacity, subject to compliance with existing credit risk fragmentation rules. The authorization operates under Provincial Laws 13,767 and 14,552 and aligns with Treasury Secretariat note NO-2025-118453739-APN-SH#MEC.
. “Year of the Reconstruction of the Argentine Nation” “Year of the Reconstruction of the Argentine Nation” . COMMUNICATION “A” 8349 30/10/2025 TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1-1120,
OPRAC 1-1294:
Financing of the Non-Financial Public Sector.
Issuance Program for Treasury Bills of the
Province of Buenos Aires for the 2025 Fiscal Year.
___________________________________________________________________________ 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 consolidated text on Financing of the Non-Financial Public Sector, to financial entities acquiring Treasury Bills to be issued by the Province of Buenos Aires up to nominal value amounts equivalent in pesos to USD300,000,000 (three hundred million US dollars) and $89,500,000,000 (eighty-nine billion five hundred million pesos), in the framework of the Provincial Treasury Bill Issuance Program for the 2025 Fiscal Year –as provided in Provincial Laws 13,767 and 14,552– and in accordance with the conditions established in note NO-2025-118453739-APN-SH#MEC of the Treasury Secretariat of the Ministry of Economy of the Nation, without prejudice to compliance by the participating financial entities with the provisions on credit risk fragmentation prescribed in that regulatory framework. The participating financial entities may not apply their lending capacity from foreign currency deposits to the subscription of the aforementioned USD-linked Treasury Bills, in accordance with what is provided in Section 2. of the consolidated text on Credit Policy.” We salute you attentively. CENTRAL BANK OF THE ARGENTINE REPUBLIC Darío C. Stefanelli Marina Ongaro Principal Manager of Issuance and Regulatory Applications Deputy General Manager of Financial Regulation
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“in accordance with the conditions established in note NO-2025-118453739-APN-SH#MEC of the Treasury Secretariat of the Ministry of Economy of the Nation”
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