Richards Cardinal (Argentina): The BCRA Regulates the Repatriation for Solidary and Extraordinary Contribution Due to Covid-19

On 2/11/21 the BCRA issued Communication “A” 7225 by virtue of which it was established that:

  1. First degree commercial banks that enable their clients to operate with ATMs must open the “Special account repatriation of funds – Solidarity and extraordinary contribution. Law 27,605 ” in the name and at the command exclusively of the human persons or undivided successions reached by this measure, to carry out the corresponding repatriation of funds. The amount from the repatriation of holdings of foreign currency or the result of the realization of financial assets located abroad must be credited in these accounts, which must be opened for that sole purpose at the request of the subjects obliged to pay. of the contribution. MORE.
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