Circular Foreign Exchange Operations and Movement of Funds and Securities with the Exterior - CAMEX 1 - 88

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
COMUNICACIÓN "A" 553 15/11/84
TO FINANCIAL ENTITIES AUTHORIZED TO OPERATE IN FOREIGN EXCHANGE, EXCHANGE HOUSES AND FOREIGN EXCHANGE BROKERS:
Ref.: Circular FOREIGN EXCHANGE OPERATIONS AND MOVEMENTS OF FUNDS AND SECURITIES WITH THE EXTERIOR - CAMEX - 1 - 88

We address you and, through you, to the interested parties, to inform you that this Bank will not consider requests for transfers through the Unified Foreign Exchange Market or subscription to External Bonds of the Argentine Republic, corresponding to the remittance abroad of collections from the sale of tickets, baggage excess, and unaccompanied baggage charged in pesos within the country, regardless of the mode of transport used (air, sea, river, or land), by foreign transport companies or their agents in the Argentine Republic.

The settlement of debts corresponding to collections from sales made up to 18.11.84 must be requested by transport companies or their agents for up to the amounts in Argentine currency, partial or total, effectively collected, whose transport service has begun execution, subject to adjustment to the applicable regulations for this matter, in force up to the aforementioned date.

Both provisions shall apply to remittances of funds intended to cover expenses abroad for Argentine means of international passenger transport.

The regulations currently governing charges and remittances through the Unified Foreign Exchange Market related to freight for Argentine imports and exports and expenses abroad for Argentine means of international cargo transport are not modified and therefore remain in force.

We salute you very respectfully.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA
Jorge E. Magistrelli
Manager of Foreign Exchange and Changes
Evaristo H. Evangelista
Deputy General Manager