New extension to the suspension of foreign exchange and financial summary proceedings

Tuesday, August 4, 2020

This extension is without prejudice to the validity of the procedural acts that are carried out during that period, since the intervention of the accused is not necessary in them.

The Central Bank of the Argentine Republic (BCRA) decided to extend again, until June 7, 2020, the suspension of the foreign exchange and financial summary proceedings instructed under the terms of the Foreign Exchange Criminal Regime Laws No. 19,359 and Financial Institutions Law No. 21,526, respectively, without prejudice to the validity of the procedural acts that are carried out in that period because the intervention of the defendants is not necessary in them.

Resolution No. 223/2020 declares the days from May 25 to June 7 inclusive as non-working days for this type of action.

This new resolution of the BCRA is part of the measures adopted by the National Executive Branch (Decree 493/2020) and by the Supreme Court of Justice of the Nation, which agreed to extend the proceedings in progress before all the courts that make up the Judicial Branch of the Nation.

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