Procedure to Streamline Access to the Forex Market

The BCRA establishes (under Communication B12020) a standardized procedure to simplify and streamline requests for prior authorization to access the forex market for the payment of capital goods, where appropriate as under Communications A7001 and A7030.

Companies wishing to buy dollars to pay for imports must fill out the form attached to the BCRA communication and submit it to the front desk—addressed to the Foreign Trade and Exchange Senior Management Office. The request may be submitted in person or emailed to mesadeentrada@bcra.gob.ar.

The form must be signed by the officer in charge of the foreign trade department, or the officer in his/her stead, of an institution licensed to make payments of imports of goods. A letter from the client requesting access to the forex market and a review of the request by the institution must also be submitted along with any supporting documents.

Institutions may not impose any charges or fees for this procedure and must ensure that requests contain the necessary and sufficient information for the sake of analysis and assessment.

June 8, 2020.