835.5151/767: Telegram

The Consul at Buenos Aires (Ravndal) to the Secretary of State

Argentina has decided to grant complete official exchange coverage for United States merchandise provided that the United States offers concessions in its trade agreement which will insure the creation for Argentina of a satisfactory quantity of official dollar exchange.

Upon the signing of the trade agreements with the United States Argentina will abolish the 20% surcharge altogether providing that Japan agrees not to sell more than a given amount in Argentina.

Ravndal