These are the changes that will come into effect from Monday 14 of April of 2025:
If you are a Human Person
- Individuals may purchase foreign currency banknotes with access to the free exchange market, debiting a peso account at a local bank with all available funds. This code is A09 in the exchange market. They may also transfer foreign currency to a similar account at a foreign bank by accessing the exchange market from a peso account held at a local bank with all available funds. In this case, the code is A07 for transferring dollars abroad.
- For individuals, all existing restrictions on access to the free exchange market are also eliminated. Individuals will also be able to operate simultaneously and concurrently with the securities markets. Therefore, they will be able to trade MEP dollars or cash with settlement in foreign currency, and they will also be able to purchase foreign currency banknotes on the exchange market.
- Please note that cash purchases of foreign currency bills are limited to USD 100 per month. Cash purchases without checking account deposits are discouraged.
- Transfers abroad for family assistance continue with the limit of USD 200 per month, concept I07.
- Clients must have income and/or assets consistent with savings in foreign currency.
- Please note that if the transaction is greater than USD 100.000 per day, the BCRA must be notified 48 hours before accessing the free exchange market.
If you are a Legal Entity
- Securities transactions (3.16.3.1.) and the delivery of funds in currency or other liquid local assets (3.16.3.4.) carried out up to and including 11/04/25 should not be taken into account.
- If a legal entity made any of these transactions up to that date, it may still complete the respective DDJJ, since they will refer exclusively to the period from 14/04/25 onwards, and operate in the free exchange market if it meets the remaining requirements.
- However, if the legal entity carries out any of these transactions on 14/04/25 or subsequent days, it will again be unable to complete the respective DDJJ.
Profits and dividends
- You can pay by accessing the Free Exchange Market using profits realized from closed and audited financial statements for fiscal years beginning on or after 01/01/25.
- Fiscal years beginning before 31/12/2024 may only be paid with bonds of any series, provided they are primary subscribers or if they were purchased on the secondary market with dollars originating from the collection of capital and/or interest coupons.
Deferred payments for imported goods
- Merchandise shipments officially registered as of Monday, April 14.4.2025, XNUMX, will have access to the foreign exchange market to settle these obligations with foreign suppliers from the same date of official registration.
- Shipments to the market before April 14.04.2025, 30 maintain the XNUMX-day payment period with access to the free exchange market.
- Please note that exchange regulations do not allow early repayment of debts for imported goods. Therefore, if the foreign supplier has given a longer payment term than permitted by exchange regulations, the payment term established in the purchase invoice will prevail.
- For example, if I have a shipment to the market dated 14.04.2025/60/XNUMX, with which I can already pay, but the supplier's invoice indicates a XNUMX-day payment term, I must wait the established period to access the free exchange market.
Payments in sight
- Individuals and companies with a valid MSME certificate may access the free exchange market for sight payments for imported goods, provided that the merchandise has been shipped at the port of origin abroad as of April 14.4.2025, 12, and is not a luxury good included in the Ordered Text of Foreign Trade and Exchange in its point XNUMX.
Capital goods
- Any natural person or legal entity may access the free exchange market to pay for capital goods in the following manner:
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Advance payment up to 30% of the value FOB of the good to be imported;
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the sum of advance payments, sight payments and commercial debt without customs registration up to 80% of the FOB value of the goods to be imported and
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the remaining 20% once the asset has been nationalized with the official dispatch to the location.
- It does not include luxury goods contemplated in point 12.1.
- It is clarified that only the FOB value of the invoice can be paid in advance or before the goods arrive in the country. Freight, insurance, and other expenses cannot be paid in advance. These items must be paid along with 20% of the FOB value once the goods have been nationalized in the country.
Services – non-related counterparty
- You may cancel your obligations for services provided by non-residents not affiliated with access to the free exchange market from the date the service is provided or accrued, starting on April 14, 04.
- This zero-delay period will also apply to transactions involving transfers abroad by local agents for their collection in the country of funds corresponding to services provided by non-residents to residents.
- Services rendered or accrued prior to 14/04/2025 will continue to have the 30-day payment term for access to the free exchange market.
Services – linked counterparty:
- You may cancel with access to the free exchange market all services provided or accrued from 14/04/25 that are provided by a counterparty linked to the resident, once 90 (ninety) calendar days have elapsed from the date of provision or accrual of the service.
- It is clarified that services provided or accrued with related parties prior to April 14, 04, must be paid no earlier than 2025 days after the date of payment.
- They are exempt from the 90-day period for those linked to:
· S03. Passenger transport services.
· S06. Travel and tourism
· S23. Audiovisual and related services.
· S25. Government services.
· S26. Health services provided by travel assistance companies.
· S27. Other health services.
· S29 Operations associated with withdrawals and/or purchases with cards
· Expenses paid by entities abroad for their regular operations.
· Payments under the concept "S31. Freight services for export operations of goods" in which freight is part of the sales condition agreed upon with the buyer of the goods and is finalized once the export has been cleared for shipment by Customs.
With respect to exports of goods and services It is expected that a decree will be issued on Monday, April 14, 04, repealing the dollar blend mechanism, 2025% with access to the free exchange market and 80% with access to the securities market with MEP or CCL dollars.
The obligation to deposit foreign currency for goods and services will once again be 100% through the exchange market.
He is a certified public accountant from the University of Buenos Aires (UBA). He has a postgraduate degree in Finance from the Universidad Argentina de Empresas (UADE). Currently, he is Head of the Comex Technical Area at Banco Santander Argentina, since 1987. He also serves as Secretary of the Comex Commission at the Association of Argentine Banks (ABA), since 2011. He has been married for 34 years to Adriana Barsanti, and has three children aged 33, 31 and 26, all professionals.
