Circular REMON 1 - 684. Minimum cash requirement in pesos on spot purchases to be settled

BANCO CENTRAL DE LA REPUBLICA ARGENTINA __________________________________________________________________ COMUNICACION " A " 2108 29/06/93 __________________________________________________________________ TO FINANCIAL ENTITIES:
Ref.: Circular
REMON 1 - 684.
Minimum cash requirement in pesos on spot purchases to be settled

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

"- Establish, from 7/1/93, at 0% the requirement of minimum cash in pesos on the spot purchases to be settled of foreign currency, of national public and private securities, and others contracted in that currency, regardless of their term."

We salute you very respectfully.

BANCO CENTRAL DE LA REPUBLICA ARGENTINA Alfredo A. Besio Martha L. Blanco Supervisor of Standards Submanager General Monetary and Exchange Economic Studies Area