On December 19, 2024, through Communiqué “A” 8161 (“Communiqué”), the Argentine Central Bank (“BCRA”) authorized Argentine residents to settle though the foreign exchange market, without prior approval, the compensatory interest accrued as of January 1, 2025, on financial debts with related foreign creditors.
Furthermore, in the Communiqué, the BCRA clarified that:
i. The requirement for prior approval is still in effect for Argentine residents to pay through the foreign exchange market interest owed as of December 31, 2024, and punitive or equivalent interest accrued as of January 1, 2025, on financial debts with related foreign creditors; and
ii. Argentine residents will still require prior approval from the BCRA to settle through the foreign exchange market, the principal of financial debts and the payment of interest on debts arising from the importation of goods and services when the creditor is a related counterparty.
