Circular Active Operations - OPRAC 1 - 314. Application of Foreign Currency Deposits

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMUNICACIÓN "A" 1811 12/03/91
TO FINANCIAL ENTITIES:
Ref.: Circular ACTIVE OPERATIONS - OPRAC -
1 - 314. Application of foreign currency deposits.
We address you to inform you that this Institution has adopted the following resolution:
"1. Replace, effective as of 1.3.91, points 1.2. and 1.5. of Annex II to Communication "A" 1493 (text according to Communication "A" 1602) with the following:
"1.2. Interfinancial loans not exceeding 10% of lending capacity".
"1.5. Sight placements at the Banco de la Nación Argentina (New York branch), not exceeding 10% of lending capacity."
2. Admit that, during March 1991, interfinancial loans may reach up to 75% of the monthly average of daily balances of such placements observed during February 1991, a ratio that must be reduced in April 1991 to 50% of the same base."
We salute you very attentively.
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Daniel R. Mira Castets Liliana M. Conti
Submanager of Financial Entities
General Submanager"