On 21 January 2020, the Central Bank of Argentina (BCRA) issued Communique A 6,869, which allows access to the foreign exchange market for payments of dividends and profits to nonresidents (i.e., companies can buy US dollars to wire to foreign beneficiaries) from new capital contributions without prior authorization if certain conditions are met.

Background

Communique A 6,770 issued 1 September 2019…