RegAlert2025-03-27 | A 8222Added
Circular LISOL 1-1099 OPRAC 1-1280: Financing the Non-Financial Public Sector. 2025 Treasury Bill Issuance Program of the Province of Córdoba
The Central Bank of the Argentine Republic exempts financial entities from the observation restrictions under point 2.1 of the Non-Financial Public Sector Financing regulations, allowing them to acquire Treasury Bills issued by the Province of Córdoba up to a nominal circulating value of 300 billion pesos under the 2025 Issuance Program. This authorization applies in accordance with provincial Laws 11,014 and 10,835 and the conditions set by the Secretariat of Treasury of the Ministry of Economy. Financial entities are explicitly prohibited from applying their foreign currency deposit lending capacity to subscribe to these bills if they are denominated in US dollars.
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"Año de la Reconstrucción de la Nación Argentina" "Año de la Reconstrucción de la Nación Argentina"
COMUNICACIÓN “A” 8222 27/03/2025
TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1-1099,
OPRAC 1-1280:
Financing the Non-Financial Public Sector.
2025 Treasury Bill Issuance Program of the Province of Córdoba.
We address you to inform you that this Institution has adopted the resolution that, in its pertinent part, provides:
“- To not make observations, within the framework of the restriction contained in point 2.1 of the consolidated text on Financing the Non-Financial Public Sector, that financial entities may acquire Treasury Bills to be issued by the Province of Córdoba for a nominal circulating value up to the sum of $300,000,000,000 (three hundred billion pesos) within the framework of the 2025 Treasury Bill Issuance Program – as provided for in Provincial Laws 11,014 and 10,835 – and in accordance with the conditions established in note NO-2025-29369662-APN-SH#MEC of the Secretariat of Treasury 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 foreseen in that regulation.
The intervening financial entities may not apply their lending capacity from foreign currency deposits to the subscription of the aforementioned bills denominated in US dollars, in accordance with what is provided in Section 2. of the consolidated text on Credit Policy.”
We greet you attentively.
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Darío C. Stefanelli Marina Ongaro
Principal Manager of Emission and Normative Applications Deputy General Manager of Financial Regulation
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Source: Banco Central de la Republica Argentina — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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