825.516/195: Telegram
The Ambassador in Chile (Culbertson) to the Secretary of State
[Received 1:30 p.m.]
140. Referring to Department’s telegram No. 53, July 20, 6 p.m., I conferred this morning with the Minister of Finance who stated that he has appointed a commission to study how pending transactions in foreign currency may be liquidated and that it is his intention to annul decree laws 12 and 29 [39] and as soon as some solution can be found which he expects will be about the first of August.31 He explained that certain complications within the banks themselves made necessary a consideration of the question before taking the definite action of nullifying the decree. He stated that the former law number 5107 would continue in force. I asked him whether it was the meaning of the communication which he made to the Minister for Foreign Affairs to give assurance that deposits in foreign currency of American citizens would be respected. He replied emphatically that these deposits will be respected. Later I talked with the Minister for Foreign Affairs who stated that it was his intention in the last paragraph of his note to give definite assurance that deposits of American citizens in foreign currency would be respected.
- Decree of annulment was signed July 27.↩