End of the Currency Control in ARGENTINA!

On Friday, April 11, 2025, the Argentine Government announced the end of the currency control, marking an economic milestone after six years of restrictions.

Main economic announcements

• Fin del cepo cambiario: Desde el lunes 14 de abril, las personas podrán comprar dólares sin límite mensual y sin restricciones previas relacionadas con subsidios o empleo público. 

• End of currency controls: Starting Monday, April 14, individuals will be able to buy dollars without a monthly limit and without previous restrictions related to subsidies or public employment.

• Agreement with the IMF: An agreement was signed for USD 20 billion, with an initial disbursement of USD 12 billion, aimed at strengthening the Central Bank's reserves.

Changes in payments abroad

• Imports: Companies will be able to pay for goods imports at the time of customs entry. Small and medium-sized businesses (MiPyMEs) will be able to do so from the dispatch at the port of origin.

• Services: Payments for services abroad can be made at the time of service provision, eliminating the prior waiting period.

• Capital goods: A 30% advance will be allowed, 50% at dispatch, and the remaining 20% at customs entry.

• Related companies: Payments for services between related companies can be made 90 days after the service is provided, reducing the previous 180-day period.

These changes aim to normalize the foreign exchange market, facilitate foreign trade, and attract investments, as part of a new agreement with the IMF and an economic strategy focused on openness and stability.

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