CONVERTIBILITY OF AUSTRAL Decree 2289/92 Amendment to Article 5 of Decree No. 941/91.

Bs. As., 2/12/92

VISTO Law No. 23.928, and

CONSIDERING:

That the legal and regulatory provisions were repealed and contractual or conventional provisions that established monetary update, price indexing, cost variation or debt repotence were inapplicable, regardless of the case, after 1 April 1991.

That some of the repealed provisions at their time prepped the course of morbid interest, to be calculated on the amounts resulting from the application of the pre-mentioned debt repotentiation systems, these provisions which were also met by the derogation established in articles 7o, 8o, 10 and 13 of Act No. 23,928.

As a result of the various consultations carried out by various entities and agencies of the State, assumptions of arrears continued to be verified, which is why the dictation of a rule concerning the calculation of morbid interest for payments of debts arising from contracting, conventions or situations governed by the rules, carried out out outside the scope of time, becomes appropriate and useful.

That the present is given in exercise of the powers provided for in article 86, paragraph 1 and 2, of the National Constitution.

Therefore,

THE PRESIDENT OF THE ARGENTINA NATION

RIGHT:

Article 1 del Add as the last paragraph of Article 5 of the Decree No. 941 of 16 May 1991, the following: "The morbid interest corresponding to payments made or made out of term beginning on 1 April 1991, shall be calculated according to the average monthly passive interest rates for weight operations published by the BANCO CENTRAL DE LA REPUBLICA ARGENTINA, in accordance with its communiqué No. 14.290 of 5 August 1991". (Note InfolegArticle 6 Decree No. 1936/93 B.O. 27/09/1993 clarifies that the present Decree "is only applicable to those debts updated until 1 April 1991 by the indexing method provided for by Laws No. 21.391, No. 21.392 and any other legal, regulatory or contractual norm similar, and as supplemental in all other cases where there are no special legal, regulatory or contractual rules that have provided another interest rate for the case". ) Art. 2o . Communicate, publish, give to the National Directorate of the Official Register and archvese. . MENEM. . Domingo F. Cavallo.