RegAlertRule · BCRA · 2 Apr 1981 · A 17
Circular External Collections and Payments - COPEX 1 - 1
The Central Bank of the Argentine Republic amends Section 1.3 of Circular COPEX 1-1 to mandate that foreign exchange from exports under Law 21.453, subject to export duties or refunds effective as of April 1, 1981, must be negotiated at the daily exchange rate communicated by the Bank. Financial entities authorized to operate in foreign exchange are required to immediately cede these acquired foreign exchange funds to the Central Bank at the same applicable exchange rate.
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMUNICACIÓN "A" 17 02/04/81
TO FINANCIAL ENTITIES AUTHORIZED TO OPERATE IN FOREIGN EXCHANGE AND FOREIGN EXCHANGE BROKERS:
Ref.: Circular EXTERNAL COLLECTIONS AND PAYMENTS - COPEX - 1-1.
We address you to bring to your knowledge that it has been decided to modify in Chapter I, point 1. Section 1.3 of the referenced Circular, incorporating the following paragraphs:
"The negotiation of foreign exchange originating from the export of products included in the regime of Law 21.453, which are subject to export duties or benefit from the refunds in effect as of 4/1/81, shall be carried out at the exchange rate for such effect communicated daily by the Central Bank. The foreign exchange thus acquired must be immediately ceded to the Central Bank at the same exchange rate."
We salute you with our highest regards.
BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Antonio E. Conde
Manager of Foreign Exchange and Changes
Evaristo H. Evangelista
Deputy General Manager
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