835.5151/129

The Chargé in Argentina (White) to the Acting Secretary of State

No. 2105

Sir: Referring to my despatch No. 2100, I have just been supplied with a copy of a new circular of yesterday’s date published by the Exchange Control Committee, of which copy and translation are enclosed.15 This rescinds the circular of May 31 as foreshadowed in my telegram No. 53 of June 8, 12 noon.

I am also informed by a representative of an American Bank that the Exchange Committee have promised to give exchange permits to exporters to the United States on telephonic application by the Bank interested.

I asked my informant whether this did not mean that the whole situation as regards exchange for Argentine exports to the United States had been cleared up and he replied in the affirmative. This, however, does not affect the more serious problem of exchange for imports from the United States to Argentina.

Respectfully yours,

J. C. White
  1. Not printed.