Overview
- The Banco Central issued Comunicación A 8460 on July 24, 2026, formally allowing 'cuenta sueldo' to be opened and credited in US dollars to implement a change in the labour law.
- Dollar payroll accounts must offer the same free services as peso payroll accounts up to the salary amount and allow funds to accumulate and be withdrawn at any time without time limits for the worker.
- Banks are obliged to accept dollar cash deposits and withdrawals at the branch where the account is registered while availability at other branches, ATMs and self-service terminals will depend on each bank’s dollar cash stock.
- Payment in dollars requires an explicit agreement between employer and employee and is expected to see targeted uptake in exporters, firms with dollar revenues and international service providers rather than immediate mass adoption.
- Wider use will hinge on operational steps—banks updating systems and procedures—and on changes to firms’ access to official dollars, which regulators say is not being liberalized as an immediate priority.