Circular REMON 1-1134: Minimum Cash. Adjustments.

"Year of the Reconstruction of the Argentine Nation" COMMUNICATION “A” 8277 10/07/2025 TO FINANCIAL ENTITIES:
Ref.: Circular REMON 1-1134: Minimum Cash. Adjustments.
___________________________________________________________________________ We address you to inform you that this Institution has adopted the resolution which, in its pertinent part, establishes:

"- To provide that financial entities may transfer the excess average minimum cash integration in pesos recorded during the periods from July to October 2025, on a non-accumulative basis, to the position of the month following that which generated the excess, with the following limits:

Period	Up to percentage of the minimum cash requirement in pesos for the period:
July 2025	4% (four percent)
August 2025	3% (three percent)
September 2025	2% (two percent)
October 2025	1% (one percent)

In case of having effected a transfer of requirement as provided in point 1.7. of the consolidated text on Minimum Cash, the requirement to be considered shall be the adjusted minimum cash requirement (AMCR).

For the calculation of the transfer of integration, the transferred numerals corresponding to the period shall be computed, divided by the number of days in the period to which the transfer is made."

In this regard, we forward you the sheets that, in replacement of those timely provided, should be incorporated into the consolidated text referenced. In this sense, it is recalled that on the Institution's website www.bcra.gob.ar, accessing “Financial System - LEGAL AND REGULATORY FRAMEWORK - Regulations and summaries - Consolidated texts of general regulations”, the modifications made will be found with text highlighted in special characters (strikethrough and bold).

We remain at your service,

-2-
CENTRAL BANK OF THE ARGENTINE REPUBLIC
Darío C. Stefanelli Marina Ongaro
Chief Manager of Emission and Regulatory Applications Deputy General Manager of Financial Regulation

ANNEX

7.9. Financial entities may transfer the excess average minimum cash integration in pesos recorded during the periods from July to October 2025, on a non-accumulative basis, to the position of the month following that which generated the excess, with the following limits:

Period	Up to percentage of the minimum cash requirement in pesos for the period:
July 2025	4%
August 2025	3%
September 2025	2%
October 2025	1%

In case of transfer of requirement as provided in point 1.7., the requirement to be considered shall be the adjusted minimum cash requirement (AMCR).

For the calculation of the transfer of integration, the transferred numerals corresponding to the period shall be computed, divided by the number of days in the period to which the transfer is made. B.C.R.A. MINIMUM CASH
Section 7.Transitional Provisions.
Version: 1st. COMMUNICATION “A” 8277 Validity: 11/07/2025 Page 6

Section	Point	Para.	Comm.	Annex	Section	Point	Para.	Observations
4.	4.1.	“A” 3274	II	4.	4.1.
5.	5.1.	“A” 3274	II	5.	5.1.	According to Comm. “A” 3498, 5693 and 6832.
5.2.	“A” 3905	5.	According to Comm. “A” 5356 and 5693.
5.3.	“A” 3905	5.	According to Comm. “A” 4449, 6167 and 7944.
6.	6.1.	“A” 7983	1.
6.2.	“A” 7983	1.	According to Comm. “A” 8018.
6.3.	“A” 7983	1.
6.4.	“A” 7983	1.
6.4.1.	“A” 7983	1.
6.4.2.	“A” 7983	1.	According to Comm. “A” 8021.
6.4.3.	“A” 7983	1.
6.5.	“A” 7983	1.
6.5.1.	“A” 7983	1.
6.5.2.	“A” 7983	1.
7.	7.1.1.1.	“A” 5246	3.
7.1.1.2.	“A” 5312	According to Comm. “A” 5333.
7.1.2.	“A” 8263
7.2.	“A” 7536	2.
7.2.1.	“A” 6858	1.	According to Comm. “A” 6901, 6907 and 7536.
7.2.2.	“A” 6937	2.	According to Comm. “A” 6943, 7054, 7140, 7155, 7536 and 8252.
7.2.3.	“A” 6993	2.	According to Comm. “A” 7082, 7157, 7536 and 8252.
7.2.4.	“A” 7342	2.	According to Comm. “A” 7536.
7.2. final	“A” 6858	2.	According to Comm. “A” 6965, 6993, 7006, 7140, 7132, 7155, 7157, 7161, 7254, 7342 and 7536.
7.3.	“A” 7983	3.
7.4.	“A” 5631	1.	According to Comm. “A” 5638, 6217, 6531, 6857, 6910, 6937, 7114, 7334, 7448, 7951, 7983 and 8026.
7.5.	“A” 8062	2.	According to Comm. “A” 8124.
7.6.	“A” 7161	5.	According to Comm. “A” 7432, 7459, 7474, 7491, 7536, 7561, 7983 and 8159.
7.7.	“A” 7254	1.	According to Comm. “A” 7287, 7536, 7970, 8057 and 8159. Includes regulatory clarification.
7.8.	“A” 8215	1.
7.9.	“A” 8277