On June 24, 2021, through Communiqué “A” 7313 (the “Communiqué”), the Argentine Central Bank (the “Central Bank”) granted an extension until December 31, 2021, of the following restrictions:
Restrictions on access to the Foreign Exchange Market (the “FX Market”) for the payment of financial indebtedness with related companies.
Restrictions for the payment abroad of imports of goods with customs entry registration.
At the same time, the Communiqué includes modifications to the restrictions on imports established by Communiqué “A” 7030 of the Central Bank, where the payments made by an Obligated Entity for imports were added as an exception of the Central Bank´s prior authorization, in order to access to the FX Market, as long as the amount does not exceed USD 1,000,000. As from this Communiqué, the exceptions include the purchase of goods from abroad, when they are: (i) payments of inputs, equipment and spare parts intended for construction and “offshore” hydrocarbons, (ii) payments of goods intended for sale in duty free stores, and (iii) entered to qualified free warehouses.
Finally, in connection with the payment critical medicines imports, the Communiqué eliminates the expression “with customs registration”, allowing advance payments under this concept. This report should not be considered as legal or any other type of advice by Allende & Brea.
