On 10 October 2024, the Central Bank of the Argentine Republic (“BCRA”) issued Communication “A” 8116 (the “Communication”), where it continued with the easing of certain foreign exchange restrictions, focusing especially on the deadlines for the entry and settlement of foreign exchange in the Single and Free Foreign Exchange Market (“MULC”). This measure refers to resident individuals and funds from exports of services.
With Communication “A” 8116, the BCRA has extended the deadline for the entry and settlement of foreign exchange to 20 working days. This measure applies exclusively to resident individuals providing services to non-residents. This gives service exporters more flexibility in handling their foreign currency collections.
