On April 16, 2025, through Communiqué “A” 8230 (the “Communiqué”) the Argentine Central Bank established that, subject to certain conditions, its prior authorization will not be required for the payment of financial indebtedness to related creditors and for the repatriation of investments through the foreign exchange market.
In particular, the Communiqué provides that:
(i) Argentine debtors may my access the foreign exchange market to repay principal and interest on financial indebtedness granted by foreign related creditors, provided that the funds were previously entered and settled through the foreign exchange market since April 21, 2025, and that the loan has an average life of no less than 180 days.
(ii) Non-resident investors may access the foreign exchange market to repatriate direct investments in Argentine financial institutions that they do not control, provided that the capital contribution was entered and settled through the foreign exchange market as from April 21, 2025, and that the repatriation occurs at least 180 days after the settlement of the contributed funds.
(iii) Non-resident investors may access the foreign exchange market to repatriate capital services, income, and proceeds from the sale of portfolio investments in instruments listed on local markets authorized by the Argentine Securities Commission, provided that:
a. a local financial institution certifies that the investment was made with funds entered and settled through the foreign exchange market as from April 21, 2025;
b. documentation is available evidencing that the amount to be repatriated through the foreign exchange market does not exceed the collected earnings and/or the amount effectively received from the sale of the investment; and
c. the repatriation occurs after a minimum period of 180 days from the settlement of the investment funds through the foreign exchange market.
(iv) Argentine residents may access the foreign exchange market to pay for new issuances of debt securities that are settled with a transfer abroad as from April 21, 2025, once a minimum period of 180 days has passed from their issuance date.
