Argentina Eases Offshore Transfers With an Affidavit

What changed in the FX rules

Argentina’s Central Bank, the BCRA, tweaked foreign exchange rules with Communiqué A 8417 on April 9 and the practical effect is simple: residents can move foreign currency abroad with a signed affidavit, not a pile of approvals. That’s a real shift and honestly it keeps extending the freer regime that started after the April 2025 controls were loosened.

The main condition is a promise, not a pre-clearance check, residents have to swear they won’t buy foreign-currency bonds or securities for 90 days after the transfer, with narrow exceptions for certain new issues and Treasury reinvestments. Cash access got easier too, local credit card cash advances no longer face the old prior limits, so the whole setup is, weirdly, much less of a maze than it used to be.

Who feels this most

Residents benefit most, including long-term expats who hold Argentine residency and digital nomads who’ve actually settled there. Non-residents still don’t get the same open-ended treatment and tourists can run into different limits, so this isn’t a blanket free-for-all.

For people paid in foreign currency or anyone needing to send funds to an offshore account, the rule change cuts friction fast. That matters because Argentina’s controls used to be a serious pain point and this version is, frankly, much closer to normal banking than the old cepo era.

What to do next

If you’re eligible, check with your bank and prepare the affidavit before making the transfer. You’ll want to keep proof that you didn’t buy restricted foreign assets during the 90-day window, because banks can verify activity through the BCRA system.

Don’t wing it.
The rule is easier, but it still has teeth.
If you’re a resident, this is a cleaner path for offshore transfers and bank-funded FX purchases and it’s worth using carefully so you don’t trip the post-transfer restriction, which, surprisingly, is the part most likely to catch people out.

Read our full Argentina guide for the complete picture.