On January 26, the Communication “A” 8390/2026 (the “Communication”) issued by the Central Bank of the Argentine Republic (“BCRA”, after its spanish acronym) was published in the Official Gazette of the Argentine Republic. Through this Communication, certain conditions for accessing the foreign exchange market in transactions related to the prepayment of U.S. dollar-denominated debt are eased, expanding the circumstances under which access to the Free Foreign Exchange Market is permitted without the need to obtain the BCRA’s prior approval.
The Communication expands the previously existing options by including, in addition to the prepayment of debt securities, the prepayment of local bank financing denominated in foreign currency, provided that such repayment is carried out simultaneously with the obtaining of new financing or with the issuance of a new debt instrument.
The Communication entered into force on January 26, 2026.
