Circular REMON 1-1046: Minimum Cash - Adjustments

2021 - YEAR OF TRIBUTE TO THE NOBEL PRIZE IN MEDICINE DR. CÉSAR MILSTEIN

COMMUNICATION “A” 7334
29/07/2021

TO THE FINANCIAL INSTITUTIONS:

Ref.: Circular
REMON 1-1046:

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 provide, with effect from 1.9.21, that the reduction of the minimum cash requirement on average in pesos provided for in point 1.5.2. of the rules on “Minimum cash” may not exceed 8 % of the peso items subject to requirement, on average, of the month prior to the computation month.”

Subsequently, we will send you the sheets that, replacing those previously provided, must be incorporated into the rules of the reference.

We greet you attentively.

CENTRAL BANK OF THE ARGENTINE REPUBLIC

Enrique C. Martin
Issuance Manager of Rules
Darío C. Stefanelli
Principal Manager of Issuance and Regulatory Applications