BANCO CENTRAL DE LA REPÚBLICA ARGENTINA

COMUNICACIÓN "A" 141 05/07/82

TO FINANCIAL ENTITIES:

Ref.: Circular REMON – 1 – 21 – MONETARY REGULATIONS – Chapter I, point 1.4.2.2. Minimum cash rate in national currency.

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

“1º - Effective July 1, 1982, the minimum cash rate that financial entities must observe on deposits and obligations in pesos referred to in Circular REMON – 1, Chapter I point 1.1 is set at 100%.

2º - Effective July 1, 1982, non-transferable fixed-term deposit certificates formalized for terms of 90 days and more are exempted from the requirement to maintain a minimum cash reserve.”

We salute you very attentively.

BANCO CENTRAL DE LA REPÚBLICA ARGENTINA

Alberto L.L. Chazelle
Manager of
Monetary Programming

Horacio A. Alonso
General Deputy Manager