Argentina’s Central Bank Opens Door to Dollar Payroll Accounts

Argentina Banking Key Facts —The rule. The Central Bank authorised dollar-denominated payroll accounts through Communication “A” 8460. —Employer-employee agreement. Dollar wages require mutual consent; employers cannot impose them unilaterally. —No-fee requirement. Banks must provide the accounts free of charge up to the amount of the salary credited. —Cash access. Dollar withdrawals must be available at…