Argentina: Further simplification to the foreign exchange regulations
Following Marketflash LM17003 of 18 January 2017 the Central Bank of Argentina (BCRA) published on 19 May 2017 Communication “A” 6244 (in Spanish only), with effect
1 July 2017
This new regulation replaces all previous foreign exchange regulations with the aim to facilitate access to the foreign exchange market.
It is expected that Central Bank will issue additional communications regarding this matter.
Clearstream Banking is currently reviewing the changes to the existing repatriation procedures with its agent.
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