On August 14th, 2025, the Central Bank issued intermediate circular 739 (Decision 13741) to amend the first two paragraphs of Article 3 in basic decision 13262 (basic circular 154) concerning exceptional measures to reactivate banks’ operations.
The circular states that banks should accumulate an account abroad free from any liability at a correspondent bank, with a minimum outstanding balance at any time, not less than 3% of total foreign currency deposits as of June 30th, 2025. The banks have a deadline till June 30th, 2026 to settle their situation and accumulate the required 3%.
The circular is effective upon issuance and to be published in the official gazette.