Circular REMON 1 - 1000: Minimum Cash Adjustments

2020 - YEAR OF GENERAL MANUEL BELGRANO

COMMUNICATION “A” 6910
19/02/2020

TO FINANCIAL INSTITUTIONS:

Ref.: Circular
REMON 1 - 1000

Minimum cash. Adjustments.

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We address you to inform you that this Institution adopted the resolution that, in its pertinent part, establishes:

• “- To replace, with effect from 1.3.2020, the first and last paragraphs of point 1.5.2. of the rules on “Minimum cash” with the following:

“For those financial institutions that are adhered to that program, the requirement will be reduced by an amount equivalent to 35 % of the sum of the peso financings that the institution grants:”

“This deduction may not exceed 4 % of the peso items subject to requirement, on average, of the month prior to the computation month.”

Likewise, we inform you that we will subsequently send you the pages that, in replacement of those timely provided, will need to be incorporated into the reference rules.

We greet you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Matías A. Gutiérrez Girault
Issuance Manager of Rules

María D. Bossio
Deputy General Manager of Financial Regulation a/c