IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Dec 2015 | Removal date: 05 Jan 2017
Still in force

Controls on commercial transactions and investment instruments

The Resolution No. 3/2015 issued on 16 December 2015, by the Argentine Ministry of Treasury and Public Finance amended the regime applicable to inflows of foreign currency through the foreign exchange market (originally set forth by Decree No. 616/2005).
 
The Resolution removes the requirement to hold a share of the foreign inflow in the form of non-transferable, non-interest-bearing deposits ('encajes'). Prior to the change, up to 30% of such inflows in this form. Furthermore, the Resolution reduces the minimum stay period from 365 to 120 calendar days (counted fromthe date when the funds entered into the jurisdiction of Argentina for the first time).
 
This applies to inflows of funds resulting from:

  • Foreign financial indebtedness of Argentine residents of the private sector,
  • The inflow of funds of non-Argentine residents holding positions in Argentine pesos,
  • The acquisition of financial assets and liabilities in the private sector, and
  • Investments in securities issued by the public sector acquired in secondary markets.

 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

Please report this page in case you detect an inaccuracy in its content.