In line with certain communications issued by the Argentine Central Bank (the “ACB”) since December 2023, to gradually soften the restrictions imposed on the foreign trade and foreign exchange markets since 2019, the Argentine Securities Commission (Comisión Nacional de Valores) issued General Resolution No. 990/2024 (the “Resolution 990”), establishing new conditions for blue chip swap transactions, commonly used in Argentina due to the above-mentioned restrictions to acquire and transfer abroad foreign currencies. |