ARTICLE

Emergency Measures for the Transition

In response to the financial crisis that Argentina is currently undergoing, the Argentine Executive and the Argentine Central Bank have issued a series of measures regarding Argentine Government debt and foreign exchange markets with the purpose of stabilizing the market.

September 3, 2019
Emergency Measures for the Transition

Please find below articles where we analyze the different measures:

 

Government debt

 

Decree No. 596/2019

- Argentine Government Announces Restructuring of Argentina’s Short-term Financial Indebtedness.


- Decree 596/2019: A Warning for CDS.

 

BCRA Communiques “A” 6766 y “A” 6767
- BCRA Takes Action to Provide Liquidity to Mutual Funds Affected by the Restructuring of Short-term Debt.

 

CNV General Resolutions No. 806/19
- Impact of Decree N° 596/19 on Mutual Funds. Reaction of the Argentine Securities and Exchange Commission: Regulation 806/19.

 

Foreign exchange regulations

 

BCRA Communique “A” 6765

- BCRA: Amendments to the Rules on Credit Policy for Local Financial Institutions Expects Major Export Companies to Sell their Foreign Currency Funds from Export of Goods and Services.

 

BCRA Communique “A” 6768

- BCRA: Financial institutions will require BCRA’s approval to pay dividends.

 

Decree No. 609/2019

- Emergency Decree No. 609/2019: The Foreign Currency Proceeds from Exports of Goods and Services Must be Transferred and Sold in the Foreign Exchange Market, and the Purchase of Foreign Currency and its Transfer Abroad Will Require Prior BCRA Approval.

 

BCRA Communique “A” 6770
- BCRA: New Regulations on Foreign Exchange Controls.

This insight is a brief comment on legal news in Argentina; it does not purport to be an exhaustive analysis or to provide legal advice.