RegAlertRule · BCRA · 11 Nov 1997 · A 2618
Circular LISOL 1 - 167. Minimum liquidity requirements. Requirement on remunerated demand deposits
The Central Bank of the Republic Argentina mandates that a minimum liquidity requirement of 80% must be integrated for remunerated demand deposits in pesos and foreign currency effective January 1, 1998. This requirement applies when the remuneration exceeds the savings account interest rate from the BCRA daily survey by more than 1 percentage point, or when it is 1% annually on creditor balances in current accounts. The regulation specifies these thresholds based on the adopted deposit capture modality.
BANCO CENTRAL DE LA REPUBLICA ARGENTINA ______ COMMUNICATION "A" 2618 11/11/97 ______ To FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1 - 167.
Minimum liquidity requirements. Requirement on remunerated demand deposits
We address you to inform you that this Institution has adopted the following resolution:
"- Establish that, with effect from 1.1.98, regarding remunerated demand deposits, in pesos and in foreign currency, a minimum liquidity requirement of 80% shall be integrated when the remuneration exceeds by more than 1 point the interest rate for savings account deposits resulting from the daily survey of the B.C.R.A. or 1% annually on creditor balances in current accounts or other demand deposits, depending on the deposit capture modality adopted."
We salute you very respectfully.
BANCO CENTRAL DE LA REPUBLICA ARGENTINA Juan Carlos Isi Alfredo A. Besio Submanager of Standards Submanager of Standards for Financial Entities for Financial Entities
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- Obligation 1
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