BCRA Communication “A” 8133

On November 21, 2024, the Central Bank of the Argentine Republic (“BCRA” for its acronym in Spanish) issued the Communication “A” 8133 (the “Com. 8133”) by means of which:

1. Exempts from the obligation of minimum deferral to access to the foreign exchange market (“FX Market”) for the advance payment of imports of capital assets and payments at sight and/or deferred payments of imports of goods that do not have that condition registered as from December 13, 2023, set forth in section 10.10.1 of the comprehensive text of foreign exchange regulations (the “FX Rules”), which are made: (a) through a swap and/or arbitration operation with funds deposited in a foreign currency account in a local financial company; and/or (b) simultaneously with the settlement of foreign currency financing granted to the client by local financial entities that meet the requirements of sections 10.2.1.i) and 10.10.2.1.ii) of the T.O. and;
2. Exempts from the obligation of minimum deferral to access to the FX Market for the payment of imports of services rendered as from December 13, 2023, set forth in section 13.2 of the FX Rules which are made: (a) to a non-related partythrough a swap and/or arbitration transaction with funds deposited in a foreign currency account in a local financial company; and/or (b) with proceeds from an import service financing granted by a local financial entity that meets the requirements of sections 13.2 of the FX Rules.

In order to access to Com. 8133, please click here.

For further information, please contact:

• Maria Laura Bacigalupo
• Andrea Callegari
• Sebastián Lerner
• Daniela Perez D’Agosta
• María Agustina Muse
• Mayra Mottl

This is a general comment and in no way presupposes legal advice or opinion. If required, please contact our professionals.