Argentina: Abolition of foreign exchange restrictions for foreign investors


Following the Ministry of Finance Resolution 1/2017, dated 5 January 2017 (Resolution 1/2017 modifies Decree No. 616/2005 and Resolution 3/2015), the Central Bank of Argentina (BCRA) has issued Communication “A” 6150, announcing the abolition of the 120 calendar day holding period applicable to portfolio investments effective

13 January 2017

Clearstream is currently reviewing the changes to the existing repatriation procedures with its agent.

Until further notice, the existing procedures remain in place.

We will continue to monitor the situation and provide more information when it becomes available.

This Marketflash is intended to provide customers with general information gathered from different sources that are generally believed to be reliable. Clearstream Banking S.A. does not guarantee the accuracy or completeness of the information and does not undertake to keep it up to date. Use of the information made available in this Marketflash is at the customer’s own risk and Clearstream Banking S.A., its subsidiaries and affiliates expressly disclaim any liability for any errors or omissions reflected herein. The information in this Marketflash does not constitute legal or tax advice.