Update On The Foreign Exchange Market In Argentina

After many years of foreign exchange controls and restrictions on the inflows and outflows of foreign currency, the federal administration that took office in December 2015 has progressively lifted all restrictions on the Foreign Exchange Market in Argentina until the current situation of complete freedom of exchange, with only reporting obligations to fulfill.

Under regulations presently in force, the main features of the Foreign Exchange Market in Argentina are the following:

1. All individuals and companies may freely access to and execute transactions in the foreign exchange market, with the sole obligations to channel them through a financial or foreign exchange entities authorized by the Central Bank of the Argentine Republic;