The BCRA has authorized once again the opening of current accounts in US dollars, against which only US dollar-denominated e-checks may be issued. This measure is in line with the national government's policy to promote currency competition, and with the BCRA's policies to increase banks' supply of financial services and products.
As the implementation of e-checks in US dollars requires changes, the BCRA established that banking institutions and clearing houses should make any necessary adjustments to their systems by December 1, 2025.
E-checks are a financing tool particularly relevant for MSMEs. They streamline negotiations due to their remote and electronic nature, and reduce operating, transportation, and document handling costs.
This initiative adds to other measures adopted by the BCRA at the beginning of the year aimed at promoting currency competition, and encouraging consumers and stores to use the currency of their choice in their daily transactions: payments with debit cards in US dollars, interoperable QR codes for debit card payments in both pesos and US dollars, and scheduled DEBINs for installment payments in both pesos and US dollars, among others.
