Company: CRESW
Filing Date: 2025-10-24
Form Type: 20-F
Source: 0001654954-25-012195
Chunk: 23

Company: CRESUD INC
Filing Date: 2025-10-24
Form: 20-F
Item: Item 10
Chunk 23
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 2025, and is settled once a period of 90 (ninety) calendar days has elapsed from the date of service provision or accrual, provided that the remaining applicable regulatory requirements are met.

II. Stock of debt from imports of services

Access to the MULC for payments of services rendered and/or accrued by non-residents until December 12, 2023, in addition to the remaining applicable requirements, shall require prior approval from the Central Bank, except when such transactions are financed up to that date, or when access to the MULC is made through swap and/or arbitrage with funds received in the country from principal or interest on Bonds for the Reconstruction of a Free Argentina (BOPREAL), or when holding certifications under specific regimes, pursuant to the situations provided in Section 13.4 of the Consolidated Text.

III. Payments of services abroad prior to the established terms

For purposes of accessing the MULC to process payments prior to the terms established in Section 13.2 of the Consolidated Text, such access shall be allowed in the case of financed transactions, pursuant to the Consolidated Text, or with new inflows through the MULC from indebtedness, advances or pre-financing, among other situations set forth in Section 13.3 of the Consolidated Text.

External Assets

Generally, prior approval from the Central Bank is required for the formation of foreign assets (e.g., foreign currency purchase, among others) and for derivative transactions by legal entities that are not entities authorized to operate in foreign exchange, local governments, mutual funds, trusts, and other Argentine entities.

Access to the MULC by individuals

Resident individuals may access the MULC to purchase foreign currency in cash or to establish deposits without prior Central Bank approval, provided that: (i) transactions are debited from a local bank account, or, if paid in cash, do not exceed USD 100 per month; (ii) the funds are delivered in cash, credited to a local foreign currency account, or transferred abroad; (iii) the transaction is duly recorded in the Central Bank’s online system; and (iv) the individual provides evidence of income and/or assets consistent with savings in foreign currency. However, on September 26, 2025 the BCRA issued Communication A 8336, which reintroduced a cross-restriction: purchases of official dollars made on or after that date are subject to a 90-day limitation preventing the purchaser from operating in certain financial dollar markets (e.g.,