January 8, 2020
Argentine Central Bank extends foreign exchange restrictions
On 3 January 2020, the Central Bank of Argentina (BCRA for its Spanish acronym) issued Communiques A 6,854/2019 and A 6,856/2019, which permanently extended the foreign exchange regulations that expired on 31 December 2019. The general guidelines of the foreign exchange regulations were described in EY Global Tax Alerts, Argentina implements foreign exchange control regulations, dated 5 September 2019, and Argentine Central Bank issues consolidated text of foreign-exchange regulations containing some definitions and clarifications, dated 3 January 2020.
Companies doing business and different stakeholders investing in Argentina should consider the consequences of the changes and evaluate the effect on their current or future Argentine operations.
For additional information with respect to this Alert, please contact the following:
Pistrelli, Henry Martin & Asociados S.R.L., Buenos Aires
Ernst & Young LLP (United States), Latin American Business Center, New York
Ernst & Young LLP (United Kingdom), Latin American Business Center, London
Ernst & Young Tax Co., Latin American Business Center, Japan & Asia Pacific