In August, the BCRA issued a communication that forced banks to accept dollar bills known as “small face.” The rule expires at the end of December, but the monetary regulator decided to extend it.
At the end of December, the banks’ obligation to receive the dollar bills face girlbut the Central Bank (BCRA) decided to extend the requirement for financial entities, which was taken within the framework of money laundering, until the end of March.
It should be remembered that the country’s highest monetary authority had issued Communication “A” 8079 in August of this year, which established that financial entities had “the possibility of receiving deposits of US dollar bills” coming from the banks. Consequently, banking entities will be able to carry out operations with their clients and refer the bills they receive to the Central Bank, until December 31 of this year. But, this Monday, December 23, Ámbito learned that it was decided to extend that time window until the end of March.
“Thus, small-sided bills, from previous series or damaged ones, can be received for three more months. The measure had good results and that is why it was decided to extend it,” an official source informed this medium.
It should be remembered that the objective of this measure is to encourage financial institutions to accept deposits in foreign currency, including those that are damaged or dirty and even some of old series. It is a voluntary and free measure for banks.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
