Overview
- Effective January 1, funds held in CERA accounts from the 2024 regularization became freely available, with total declared assets reaching about $23.3 billion.
- The lifted restriction permits companies to remit dividends tied to fiscal years starting in 2025 once balances are audited, with practical transfers expected from mid-2026.
- Officials and market sources warn of potential pressure on the exchange rate, and the central bank has signaled close monitoring of the impact on reserves.
- Profits accumulated between 2019 and 2024 remain subject to the Bopreal mechanism, which carries an outstanding stock of roughly $13 billion.
- Analysts expect most released dollars to stay in financial instruments or move into real assets, supported by measures like the Ley de Inocencia Fiscal and proposed tax incentives.