Overview
- Communication A 8350 replaces the prior framework and shifts reserve compliance to a monthly average of daily balances.
- Banks must maintain a minimum daily integration equal to 95% of the total peso reserve requirement.
- The rule applies to peso demand deposits such as checking and savings accounts, according to the text of the measure.
- The resolution was signed by BCRA president Santiago Bausili, with enforcement beginning on November 1.
- Banking groups describe the move as a slight easing, while the rollout follows a Treasury auction that placed ARS 6.86 trillion with a 57% rollover under Economy Minister Luis Caputo.