Argentina: Further simplification to the foreign exchange regulations

30.05.2017

Following Marketflash M17003 of 18 January 2017 the Central Bank of Argentina (BCRA) published on 19 May 2017 Communication “A” 6244 (in Spanish only), with effect

1 July 2017

This new regulation replaces all previous foreign exchange regulations with the aim to facilitate access to the foreign exchange market.

It is expected that Central Bank will issue additional communications regarding this matter.

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

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.