Circular Foreign Exchange Operations and Movement of Funds and Securities with the Abroad - CAMEX 1 - 29 — BCRA — AR

CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION "A" 163 15/07/82
TO FINANCIAL ENTITIES AUTHORIZED TO OPERATE IN EXCHANGE AND FOREIGN EXCHANGE BROKERS:
Ref: Circular FOREIGN EXCHANGE OPERATIONS AND MOVEMENTS OF FUNDS AND SECURITIES WITH THE ABROAD - CAMEX - 1 – 29

We address ourselves to you and through you to those interested, to communicate to you the measures adopted complementary to those made known by Communication "A" 137 - Circular CAMEX - 1 - 26 of 5.7.82.

Scope of the provisions
1.1. It is also applicable to the installments due and to become due, of the loans obtained abroad prior to 6.7.82 - not entered into the country and therefore not negotiated in the foreign exchange market - that had been applied until said date to the financing of Argentine imports, either by the supplier or by third parties.

1.2. The foreign exchange insurance regime is applicable to the amount of capital of the loans referred to in Communication "A" 137 and this Circular and to the respective interests accrued and unpaid as of 5.7.82 or to accrue until 31.12.82, for fixed sums resulting from applying pre-established rates.

In both cases, the other conditions required in Communication "A" 137 must be met.

It is recalled that these provisions and those stated in Communication "A" 137 are applicable to the operations referred to in Telephone Communication No. 4666, Communication "C" 274, leaving it to the option of those interested to make use of foreign exchange insurance on the basis of the quotation of $ 15.750 per United States dollar or to cancel the obligations through the subscription of External Bonds of the Argentine Republic.

To facilitate decision-making for local debtors, it has been arranged to extend until August 16 next the term provided for in Telephone Communication No. 4666, for the presentation, if any, of the corresponding forms 3687.

We salute you very attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Jorge F. Magistrelli Evaristo H. Evangelista
Manager of Submanager General
Foreign and Changes