Central Bank Orders Creation of Savings Accounts for Repatriation of Assets
7 febrero 2020

On February 7, the Central Bank, through communication A 6893, ordered savings accounts to be created to repatriate assets held abroad. This follows the regulation of the Social Solidarity and Productive Reactivation Law (27,541).

The accounts, called “Savings Accounts for Assets Repatriation – Personal Assets Law 27,541” must be opened in the name and at the sole order of the applicant and in the foreign currency in which the assets are repatriated and kept. The deposits must be transferred from abroad by the same person.  

In addition, financial institutions must inform the Federal Administration of Public Revenue (AFIP) of any debits made from these accounts.