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The effectiveness of the exchange control regulation is extended

On December 28, 2019, the Argentine Executive Branch through Decree No. 91/2019 (“Decree 91”), amended Article 1 of Decree No. 609/2019, which established that, until December 31, 2019, the value of export of goods and services must be repatriated to Argentina and converted to Argentine pesos in accordance with the conditions and terms set forth by the Central Bank of the Argentine Republic (the “Central Bank”). By means of this amendment, said obligation to repatriate and convert was extended for an indefinite period.

Likewise, on December 30, 2019, the Central Bank by means of Communication “A” 6856, extended, as from December 31, 2019 and for an indefinite period, the effectiveness of the consolidated text on regulations on “Foreign Exchange” (Exterior y Cambios) enacted through Communication “A” 6844 and its complementaries related to the obligation to repatriate and convert the exchange value  of export of goods and services.

Access to the complete text of the Decree 91 can be found here.

Access to the complete text of the Comunication “A” 6856 can be found here.

This publication does not offer a legal opinion on specific matters. If necessary, you should seek specialized legal counsel.

For more information please contact:

Sebastian Luegmayer

Email: LuegmayerS@eof.com.ar

Phone: (+54 11) 4346-1045

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