The BCRA has extended once again the suspension term of foreign exchange and financial summary proceedings—up to August 16, 2020, within the terms of Law 19,359 on Foreign Exchange Criminal Regime and Law 21,526 on Financial Institutions, respectively—notwithstanding the validity of the proceedings carried out in such period, given the intervention of the defendant is unnecessary.
This decision has been adopted in line with Resolution 307/2020, which declares the term from August 3 to August 16 as non-business days.
The BCRA has taken this decision in line with the measures adopted by the Executive (Executive Order 641/2020), in the framework of the COVID-19 pandemic.
