Circular Monetary Regulations - REMON 1 - 116. Monetary Regulation Account. Compensation of minimum cash reserves for non-transferable fixed-term deposits at free rates

CENTRAL BANK OF THE ARGENTINE REPUBLIC
COMMUNICATION "A" 367 10/08/83
TO FINANCIAL ENTITIES:
Ref.: Circular MONETARY REGULATIONS - REMON - 1 - 116. Monetary Regulation Account. Compensation of minimum cash reserves for non-transferable fixed-term deposits at free rates

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

1 - The compensation of the minimum cash reserves of the non-transferable fixed-term deposits at free rates will be equivalent to the amount of interest paid by the respective deposits, excluding the interest accrued until 10.8.83.

2 - The balances of the differences resulting between the interest effectively paid and the interest accrued as of 10.8.83 will be computable as available funds for the purposes of integrating the minimum cash until the respective compensations are settled by the Central Bank.

We salute you very respectfully.

CENTRAL BANK OF THE ARGENTINE REPUBLIC
Hipólito G. Aparicio
Manager of
Monetary Programming
Horacio A. Alonso
Deputy General Manager