Circular LISOL 1-363. Quarterly position November 2001/January 2002. Integration of minimum cash requirement in pesos with US dollar current account balances. Integration of minimum liquidity requirements with peso current account balances.

BANCO CENTRAL DE LA REPUBLICA ARGENTINA
COMUNICACIÓN " A " 3361 I 13/11/01
TO FINANCIAL ENTITIES:
Ref.: Circular
LISOL 1 - 363
Quarterly position November 2001/January 2002. Integration of the minimum cash requirement in pesos with balances in the current account in US dollars. Integration of minimum liquidity requirements with balances in the current account in pesos.

We address you to inform you that this Institution has adopted the following resolution:

"1. Admit, for the quarterly period November 2001/January 2002, the integration of the minimum cash requirement in pesos with the balances of the current account in US dollars opened at the Central Bank, without exceeding 70% of said requirement.
2. Admit, for the quarterly period November 2001/January 2002, the integration of the minimum liquidity requirements with the balances of the current account in pesos opened at the Central Bank, without exceeding 70% of the requirement."

We salute you very respectfully.

BANCO CENTRAL DE LA REPUBLICA ARGENTINA

Alfredo A. Besio José Rutman
Issuance Manager Principal Manager of Norms of Norms and Authorizations