30 Jul BCRA Communication “A” 7078: Adjustments to Deposits and Term Investments

July 30, 2020 – BCRA reported through Communication “A” 7078 the following resolution that establishes:

Financial entities included in Group “A” – for the purposes of the “Minimum Cash” regulations – and branches or subsidiaries of foreign banks classified as systemically important (G-SIB) not included in that group must capture from the August 1, 2020 inclusive, a new minimum rate for “Deposits and term investments”.

Jurisdictions affected: Argentina

For more information, visit Banco Central de la República Argentina.