Ministry Of Economy National Public Administration - Full Text Of The Norm

Original Language Title: MINISTERIO DE ECONOMIA ADMINISTRACION PUBLICA NACIONAL - Texto completo de la norma

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image inicio sitio infoleg MInisterio de Justicia y Derechos Humanos
Ministerio de Economía ADMINISTRACIÓN PUBLICA NACIONAL DECRETO 6.340 Payments abroad to be made by the state distributions must have the prior approval of the Ministry of Economy.

Bs. As., 4/7/62

VISTO is authorized by article 2 of Decree-Law 13.126 of 22 October 1957, and by article 1 of Decree-Law 4.611 of 14 April 1958; and

CONSIDERING:

That the purchases and payments of a different nature carried out abroad by the official entities reach important amounts;

That because of the incidence of such operations on the exchange market, it is appropriate to arbitrate a procedure that allows sufficient knowledge of the foreign exchange needs arising for such reasons;

That the demand may thus be adjusted to the availability foreseen, in order to avoid inconvenience in the market;

That, on the other hand, the situation of our balance of payments compels us to pursue a very prudent policy in all that can mean currency erogations, both by cash purchases and by acquisitions with deferred payments, and also in all operations involving the use of credits abroad;

That it is therefore advisable for the Ministry of Economy to seek and centralize the relevant information, and to dictate measures leading to the rational use of our present and future availability of foreign exchange, eliminating or deferring imports that do not review priority;

Therefore,

The President of the Argentine Nation, Decreta:

Article 1 . From the date determined by the Ministry of Economy, public distributions, decentralized agencies, joint ventures and State companies that need to make payments abroad, for any reason, must previously have the authorization of the Department of State to be submitted to the banks and authorized institutions involved, without which requirement, they shall not proceed to the operation.

Art. 2° entidades The entities included in the previous article shall submit to the Ministry of Economic Affairs, on the dates and form that the same shall determine, for quarterly periods, the payroll to be made abroad.

Art. 3° El The Ministry of Economy shall issue the necessary rules for the implementation of this decree, in coordination with the regime established by Decree 5.007/61. It may also provide for the exclusions it deems relevant to entities covered by Article 1.

The National Development Council will advise the Ministry of Economy on the priority for the implementation of operations.

Art. 4° . The Central Bank of the Argentine Republic will coordinate with the official banks the action to follow with respect to the course of the applications authorized by the Ministry of Economy of the Nation and may establish the procedures it deems appropriate for the execution of the payments does not disturb the normal development of the change market.

Art. 5° . This decree will be endorsed by the Minister Secretary in the Department of Economics and signed by the Secretary of State of Finance.

Art. 6° . Communicate, publish, give to the General Directorate of the Official Gazette and Prints and archvese.

GUIDO . Alvaro C. Alsogaray . Rafael R. Ayala.