ANNOUNCEMENT 23 Oct 2019
The Government of Argentina has amended certain foreign exchange controls introduced by Communication “A” 6,770.
NUMBER OF INTERVENTIONS
Official Gazette of Argentina. Boletín Oficila de la República Argentina. Banco Central de la República Argentina. Comunicación “A” 6814/2019. Available at: https://www.boletinoficial.gob.ar/detalleAviso/primera/219525/20191023?busqueda=1
Central Bank of Argentina. Banco Central de Argentina. Comunicado "A" 6770 del 1/9/2019. Available at: http://www.bcra.gov.ar/Pdfs/comytexord/A6770.pdf
On 23 October 2019, Communication “A” 6814/2019 from the Central Bank of Argentina has been published in the Official Gazette introducing certain amendments to Communication “A” 6,770.
One of the key amendments introduced relates to the repatriation of export receivables and repatriation proceeds from services exports. Concretely, according to the new Communication, the government will not require the settlement of the payment in Pesos as long as the following conditions are met:
The new rules have entered into force on 23 October 2019 and since they are an amendment of Communication “A” 6,770 which has a temporary character, it can be assume that this measure is to terminate on 31 December 2019.