Salary Payment in US Dollars

 

Through Communication “A” 8460/2026 (published in the Official Gazette on July 27th., 2026), the Central Bank of the Argentine Republic (BCRA) established that:

The US dollar is incorporated as an accepted currency for salary payments through an account that will also be designated as a “payroll account”(“cuenta sueldo”).

Key Provisions

•  Free Account:
  The account will be free of charge for operations linked to the employment contract—both for deposits received from the employer as compensation and for account maintenance when holding unwithdrawn dollar balances.
  In general, banks were already offering accounts in pesos and dollars at no cost; therefore, employers must verify that the dollar account provided by the employee is officially registered with the bank as a payroll account. This point
  will be especially relevant for employees who previously only held a basic Pesos account.
• Limitations:
  Both cash deposits and withdrawals of US dollars must be carried out at the branch where the account is registered or through ATMs located at that specific branch.

Clarification: Cash withdrawals at branches or ATMs other than the assigned account branch will only be processed subject to the bank’s availability of US dollar cash for such operations.

Legal Framework

This measure enables the implementation of Labor Modernization Law No. 27,802, which amended the relevant section of Article 105 of the Labor Contract Law (Ley de Contrato de Trabajo or LCT), as follows:

LCT Art. 105. — Payment Methods. Complementary Benefits.

Salaries must be paid in cash, whether in national or foreign currency.

Key Takeaway

Paying salaries in US dollars is a highly attractive benefit for middle and upper management, often serving as a key employee retention factor. As a result, companies now have legal protection and clear guidelines to pay 100% of salaries in USD