The elimination of the foreign Exchange restrictions does not mean an automatic elimination of the obligation to exchange before Argentine banks the foreign currency collected as per export of services or licenses granted to a foreign licensee
Given the release of the restrictions to carry out payments and transferences abroad, we call the attention that the obligation to exchange before Argentine banks the foreign currency arising from export of services or licensing shall be effective until derogation of Decree 1606/2001 and the different rulings setting forth this obligation. As of today, it remains effective the obligation to exchange the foreign currency before Argentine banks within 15 working days of its collection.
Do not hesitate to contact us for this matter or in connection with the new rulings being sanctioned in the coming days. By our side, we will let you know the new applicable regulations as they are sanctioned.