Through the Communiqué “A” 7935 (“Communiqué”), the Argentine Central Bank (“Central Bank”) extended until December 31st, 2024, the prior approval requirement from the Central Bank to access the Free and Single Exchange Market and carry out the following operations:
- Payment of interest on debts for imports of goods and services; and
- Repayment of principal and interest on financial borrowings from abroad when the creditor is a related party to the debtor.
Furthermore, the Communiqué also stipulated that the Central Bank will consider, until December 31st, 2024, the foreign currency holdings that the client has deposited in local financial institutions for the purpose of the client’s sworn statement regarding their holdings of liquid external assets and/or Argentine deposit certificates representing foreign shares.
Likewise, the Communiqué established that the deadline for entering and settling advances, pre-financings, and post-financings from abroad will be extended to 180 consecutive days from the date of collection or disbursement abroad, when the foreign exchange transfer has been credited to the local entity’s correspondent account between April 10th, 2023, and December 31st, 2024.
