Coronavirus: adaptation to the rules of the financial system

Tuesday, March 24, 2020

The BCRA decided to reinstate electronic check clearing sessions as of March 26. These had been suspended since March 20.

The Central Bank of the Argentine Republic (BCRA) made, through Communication A6944, adjustments to the Health Emergency regulations on the operation of the financial system issued on March 20, 2020.
The BCRA decided today that as of March 26, the electronic check clearing sessions that had been suspended since March 20 will be restored, but clarifies that the days that there was no clearing will not count towards the expiration of the 30-day period for the presentation of checks.
It also clarified that the accreditations of cash deposits by ATMs, self-service terminals, cash transport companies, deposit boxes and by the agreed means will continue to operate in the case of cash deposits for larger amounts made by customers included in paragraphs 11, 18 and 23 of article 6 of Decree No. 297/2020 of the National Executive Branch.
Finally, the Central Bank asked financial institutions to adopt strict safety and hygiene measures to protect the health of the personnel affected by the tasks present in the workplaces.

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