The Argentine Central Bank (ACB) issued Communication "A" 6137 (the Communication) removing the obligation to repatriate and settle in the local foreign exchange market the funds originated in the provision of services to non-residents as well as the disposal of non-produced non-financial assets.

In addition the Communication reversed the requirement that transactions involving the purchase of foreign currency in excess of USD2,500 could only be debited to an account opened with a local financial institution.

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