On December 11th, 2023, the Central Bank of Argentina (“BCRA“) approved the Communiqué “A” 7915 (“Communiqué“), which establishes that as from its date of publication, all foreign exchange transactions carried out through the Unique Free Foreign Exchange Market, including those coming from financial and exchange entities, will require the prior approval of the BCRA.
According to the BCRA, the measure was adopted in order to give the Executive Branch time to comply with the administrative procedures for the formation of the new authorities and for announcing and implementing and implement the policies they will carry out.
