Resolution CMN No. 1209 - Registered Deposits in Foreign Currencies

RESOLUTION NO. 001209

The CENTRAL BANK OF BRAZIL, pursuant to Article 9 of Law No. 4,595 of December 31, 1964, makes public that the MONETARY NATIONAL COUNCIL, in a session held on this date, considering the provisions of Article 4, items V and XXXI, of the aforementioned Law,

HAS RESOLVED:

I - To extend the possibility of making deposits in foreign currencies, provided for in Resolution No. 432 of June 23, 1977, within the limits and conditions established by the Central Bank, to:

a) borrowers of import financing;

b) companies headquartered in the Country, recipients of foreign capital.

II - The Central Bank may adopt the measures deemed necessary for the execution of this Resolution.

III - This Resolution shall enter into force on the date of its publication.

Brasilia-DF, October 30, 1986

Fernão Carlos Botelho Bracher
President