17-04-2026

Through Communication “A” 8417 (published in the Official Gazette on April 13, 2026), the Central Bank of the Argentine Republic (“BCRA”) introduced a series of amendments aimed at easing and adapting certain aspects of the current foreign exchange regime, which are summarized below.

Inflow and settlement export proceeds

Under this new regulation, individuals are not required to settle (i.e., convert into pesos) proceeds from exports of goods and services, provided that the funds are received in a timely manner through the foreign exchange market, are credited to local accounts in foreign currency, and correspond to their own transactions (this does not apply to exports carried out on behalf of third parties).

In the case of exports of goods to related parties, it was established that the 60-calendar-day period for the inflow and settlement of foreign currency proceeds from such transactions will apply, for exports registered as from January 1, 2026, when the exporter has not exceeded a total amount of USD 200,000,000 in exports in the immediately preceding calendar year (previously, this threshold was USD 50,000,000).

Additionally, the deadline for the inflow and settlement of foreign currency proceeds corresponding to exports of certain goods (leather manufactures, apparel, footwear, hats, and parts of nuclear reactors) to unrelated counterparties has been extended to 365 days.

Debt payments

Access to the foreign exchange market—up to 3 business days prior to maturity—has been authorized for the payment of principal and interest on certain securities denominated in  foreign currency (including publicly offered debt instruments and promissory notes, among others), provided that they were previously settled through such market and at least one year has elapsed since their issuance.

With regard to financial indebtedness with related parties, the requirement to obtain prior approval from the BCRA for the repayment of principal has been eliminated in cases of refinancing with a remaining average life of not less than 4 years and including a minimum grace period of 3-years for principal repayment, or refinancing of overdue payments carried out as from April 10, 2026, or the simultaneous inflow of new funds from abroad, subject to certain conditions.

Finally, the regulation provides that access to the foreign exchange market may be granted for the payment of premiums, the establishment of guarantees, and settlements related to hedging contracts between foreign currencies for residents’ obligations with foreign counterparties, provided that such hedging does not cover risks exceeding the liabilities actually recorded and that a commitment is assumed to bring into and settle, within 5 business days, any favorable result arising from such transactions.

Transfers of foreign currency and cash withdrawals abroad by individuals

Existing limits on cash advances abroad granted to holders of credit and/or purchase cards issued by local entities have been eliminated.

It has been established that, as from April 10, 2026, foreign currency transfers abroad made by individuals from local foreign currency accounts to their own bank accounts overseas must be registered in an online BCRA system and will require the execution of a sworn statement undertaking not to carry out —within 90 days— transactions involving the purchase of securities settled in foreign currency, whether directly or indirectly or on behalf of third parties, except for certain exceptions.