The Central Bank of the Argentine Republic (BCRA), through Communication “A” 7915, ordered on Monday (11.12.2023) to apply the rule of “prior consent» to all demand operations that are processed through the exchange market.
The measure was taken in response to the postponement of the economic announcements scheduled for today (12.12.2023) by the newly appointed Minister of Economy.
The BCRA indicated that the measure aims to "give the Executive Branch time to complete the administrative procedures for the formation of the new authorities and to announce and implement the policies that they will carry out."
During the transition, exchange rate transactions will be analyzed and processed based on the priorities established by the BCRA.
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