TRIBUTES Replace the application of Article 1 of Law No. 22.016, concerning the Central Bank of the Argentine Republic. DECEMBER No. 1,684

Bs. As., 18/8/80

VISTO the provisions of Act No. 22,016, and

CONSIDERING:

That the Central Bank of the Argentine Republic is presented to the Ministry of Economy requesting that the application of Act No. 22,016 be suspended.

The purpose of the Institution is basically to regulate credit and means of payment and to carry out the control of liquidity and the good functioning of the financial market.

It is also the authority for the implementation of the Financial Institutions Act and is the financial agent of the National Government for the study, issuance and placement of public borrowers, with the responsibility of the public debt.

On the other hand, it is also the entity entrusted with the exclusive character of issuing the notes and currencies of the Nation, having the function of advising the National Executive in matters of exchange, being also depository of the reserves of gold and currency.

That, for the above considerations, it is considered appropriate to exercise the authority granted by article 6 of the aforementioned legal rule.

Therefore,

THE PRESIDENT OF THE NATION

RIGHT:

Article 1 . Replace the application of Article 1 of Law No. 22.016, for all periods involved in the management of the Central Bank of the Argentine Republic, with respect to taxes on profits, on the eventual profits and capitals or those that replace them, as well as those of emergency of them.

Art. 2o . Communicate, publish, give to the National Directorate of the Official Register and archvese.