Effective April 14, 2025, through Communication “A” No. 8226, the Central Bank of the Argentine Republic (“BCRA”) has significantly eased the restrictions on the purchase of U.S. dollars (“USD”) through the Official Exchange Market (“MLC”). The main changes introduced to the foreign exchange regulations include:
Through Decree No. 269/2025, the Export Increase Program (commonly referred to as the “blend dollar”) has been repealed. This program allowed exporters of goods and services—whether involving pre-financing and/or post-financing of exports—to settle 20% of their foreign currency earnings in the capital market.
This mechanism enabled exporters to access a more favourable exchange rate, especially during periods with a significant gap between the official exchange rate and the financial market rate (known as the “CCL” rate).
The aim of this measure is to ensure that all foreign currency proceeds from the export of goods and services are settled through the MLC. Additionally, the current administration intends to unify the multiple exchange rates in force.
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