The Central Bank of the Argentine Republic lifted the restriction on the amount of transfers that could be made to accounts in foreign currency.
The Central Bank (BCRA) relaxes one of all the rules that make up the exchange rate. Thus the monetary entity raised this Thursday the restriction on the amount of transfers that could be made on foreign currency accounts.
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He did so through Communication “A” 7933 that It revoked paragraph iv) of point 5.1.3, which dealt with the “National Transfer Payment System.”


This measure prevented more than one transfer per month on foreign currency accountsit harmed both investors, families and companies.
The ban was framed in the “Know Your Customer” policy of the banks that required a review of the transfer on “destination accounts nominated in foreign currency from a second transfer received during the calendar month.”
In that case “the receiving entities must defer accreditation until any suspicion of regulatory non-compliance with respect to the purchase of foreign currency is eliminated by resident human persons for the formation of external assets.”
Source: Ambito

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