# The BCRA relaxes requirements for private debt restructuring | BCRA

> The Central Bank of Argentina (BCRA) extended paragraph 7 of Communication A 7106 until December 31, 2021, allowing companies to restructure foreign-currency debt. Companies can access the forex market for up to 40-45% of principal, with the remainder refinanced abroad with an average life of two years. The board also raised monthly rescheduled maturities from USD1 million to USD2 million and exempted certain debts.

- Date: 2021-02-25 · published 2021-02-25T12:00:00.000Z
- Category: policy · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/48902-the-bcra-relaxes-requirements-for-private-debt-restructuring-bcra
- Commodities: [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Easing forex access for debt restructuring supports Argentina's peso stability and reduces pressure on the currency, which can affect Argentine export competitiveness for soymeal and soyoil. The measure has limited direct effect on grain prices.

## Read by commodity

- USDARS: neutral

## Sources

- bcra.gob.ar: https://www.bcra.gob.ar/en/news/the-bcra-relaxes-requirements-for-private-debt-restructuring/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.