BCRA Extends Effectiveness of Communication A7030

The Board of the BCRA has extended for six months the effectiveness of the foreign exchange provisions on payments for imports of goods and refinancing of debt securities in foreign currency and other financial liabilities contained in Communication A7030, as amended—which were to expire at the end of the year.

Moreover, the Board has also extended the effectiveness of the mechanism of foreign currency availability for exporters whose exports have increased in 2022 compared to 2021.

In order to make it easier for the private sector to renegotiate their liabilities, the maximum amount and eligibility criteria in the use of resources for the repayment of commercial debts with new financial debts held abroad were also expanded.

December 9, 2021.

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