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BCRA Bars Official‑Dollar Buyers From MEP/CCL for 90 Days

The move targets the rulo arbitrage to ease pressure on the exchange rate and protect reserves.

Overview

  • Communication A 8336 took effect on September 26 and reinstates a cross‑restriction for those accessing dollars at the official rate.
  • Banks must secure a sworn declaration from clients committing not to buy or sell securities settled in foreign currency for 90 calendar days after purchasing at the official market.
  • The rule, already applied to companies, is now explicitly extended to resident individuals, tightening controls on personal dollar operations.
  • Authorities frame the step as a curb on buying at the cheaper official rate and flipping in MEP or CCL, a practice that can fuel FX pressures.
  • The broadened restriction follows a similar curb applied roughly a week earlier to shareholders, directors and managers of financial institutions and their families.