Rule · BCRA · 9 Jan 2025 · A 8175
The Central Bank of the Argentine Republic authorizes financial entities to acquire Treasury Letters issued by the Province of Chaco up to an amount of $140,000,000,000 under the 2025 Letter Issuance Program, waiving the restrictions set out in point 2.1 of the consolidated text on Financing of the Non-Financial Public Sector. This authorization is granted in accordance with Provincial Laws 4,135-F and 1,092-A2 and the conditions established in the note NO-2024-142182443-APN-SH#MEC from the Secretariat of Finance of the Ministry of Economy of the Nation. Financial entities must still comply with credit risk fragmentation provisions.
"Year of the Reconstruction of the Argentine Nation" "Year of the Reconstruction of the Argentine Nation"
COMMUNICATION "A" 8175 09/01/2025
TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1-1088,
OPRAC 1-1271:
Financing of the Non-Financial Public Sector.
2025 Letter Issuance Program of the Province of Chaco.
___________________________________________________________________________ We address you to inform you that this Institution adopted the resolution that, in its pertinent part, provides:
"- To not formulate observations, within the framework of the restriction contained in point 2.1 of the consolidated text on Financing of the Non-Financial Public Sector, regarding the ability of financial entities to acquire Treasury Letters to be issued by the Province of Chaco up to an amount of $140,000,000,000 (one hundred and forty million pesos), within the framework of the 2025 Letter Issuance Program –as provided for in Provincial Laws 4,135-F and 1,092-A2– and in accordance with the conditions established therein and in note NO-2024-142182443-APN-SH#MEC of the Secretariat of Finance of the Ministry of Economy of the Nation, without prejudice to the observance by the intervening financial entities of the provisions on credit risk fragmentation provided in the aforementioned regulation."
We salute you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Enrique C. Martin Marina Ongaro
Manager of Issuance of Norms
Deputy General Manager of Financial Regulation
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