On Dec. 23, 2024, ARG CB publishedCommunication A 8159 in the official gazette.
On May 23, ARG CB changed rules related to financing of MSMEs.
ARG CB issued Circular OPRAC 1-1239, REMON 1-1116, Communication A 8026 to amend rules regarding minimum cash and interest rates in credit operations.
Follows ARG CB changes to minimum cash rules re financing of MSMEs, see #199429.
Highlights
Derogated, as of May 24, 2024, point 1.5.2. minimum cash rules, re the reduction of minimum cash requirement in pesos to finance Ahora 12 and Simple Quota programs.
Financial entities may continue to record requirement reduction until May 23, 2024.
Derogated, effective as of the billing cycle corresponding to Jun. 2024, the first and second paragraphs of point 2.1.1. interest rates in credit operations, re the limit.
ARG CB distributed the updated regulatory text as an attachment to Com A 8026.
May 27, 2024 ARG CB Official Publication
On May 27, 2024, ARG CB published Communication A 8026 in the official gazette.
Nov. 21, 2024 ARG CB Update
On Nov. 21, 2024, ARG CB published Circular REMON 1-1123, Communication A 8134.
Minimum cash requirement that financial institutions may integrate with the National Treasury Bonds in pesos is also applicable with respect to national public securities.
According to the provisions of point 1.3.16. of the consolidated text on Minimum Cash.
Amendments come into force on Nov. 22, 2024.
Nov. 25, 2024 ARG CB Official Publication
On Nov. 25, 2024, ARG CB publishedCommunication A 8134 in the official gazette.
Dec. 2024 ARG CB Adjustment
On Dec. 19, 2024, ARG CB published Circular REMON 1-1124, Communication A 8159.
As of Apr. 1, 2025, there is a half reduction of the deduction percentages for the minimum cash reduction requirement in pesos, established accordance to point 1.5.1.
Re the Mipyme (My SMEs) Credit/Private Credit of the ordered text on Minimum Cash.
Revoked, as of Jan. 1, 2025, minimum cash requirement deduction in points 1.5.2. Investment projects, 1.5.3. Clients not reported to Financial System Central Debtors.
Financial institutions may continue to compute this reduction in the requirement for the residual balances of the financing included in points, agreed until Dec. 31, 2024.
The reduction will be effective as of Apr. 1, 2025.
Dec. 2024 ARG CB Official Publication
On Dec. 23, 2024, ARG CB publishedCommunication A 8159 in the official gazette.
Regulators
ARG CB
Entity Types
B/D; Bank; FDM; Ins; Inv Co; MSB
Reference
OG, 12/23/2024; Cir REMON 1-1124, Com A 8159, 12/19/2024; OG, 11/25/2024; Cir REMON 1-1123, Com A 8134, 11/21/2024; OG, 5/27/2024; Cir OPRAC 1-1239, REMON 1-1116, Com A 8026, 5/23/2024
