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Foreign Exchange Houses May be Open to Perform Certain Operations

Foreign exchange traders will only be allowed to open their branches for the purchase of foreign currency, sale of currency from neighboring countries, and arbitrage operations with authorized instruments according to a regulation adopted today by the Board of the BCRA.

Foreign exchange houses must strictly comply with sanitary regulations to safeguard the health of clients as well as bank and non-bank workers, providing the latter with necessary supplies so that they may do their job on a safety basis.

The sanitation protocols of the operating houses located in jurisdictions that are in the preventive and compulsory social distancing stage will have to reduce the use of indoor spaces to fifty per cent (50%) of their capacity.

The authorized transactions are the following:

Purchases of foreign currency.

Sales of currency from neighboring countries.

Arbitrage operations with authorized instruments.

December 10, 2020.

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