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On 8 August 2025, the Central Bank of the Republic of Argentina issued Communication “A” 8296, introducing greater flexibility to ensure the repayment of certain export prefinancing loans through the proceeds of exports.
Exporters who have repatriated and settled prefinancing of exports granted by foreign financial entities, or local entities with foreign financing, will be allowed to accumulate funds originated from the collection of exports in foreign currency accounts (either local or abroad) to guarantee repayment of prefinancing of exports for up to 125% of the principal and interest due in the current month and the following six months. Any excess amount must continue to be settled according to current regulations.
The export prefinancing loans eligible for these benefits are those with an average life of no less than three years, with a one-year grace period for principal repayment, or alternatively, those with a two-year average life and an 18-month grace period.
Additionally, exporters may also access the foreign exchange market to establish guarantees in foreign currency accounts as stipulated by the terms of the prefinancing contract.
Communication “A” 8296 became effective on 8 August 2025.
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