611.3531/1543: Telegram

The Ambassador in Argentina (Armour) to the Secretary of State

258. Department’s telegram No. 122, June 22, 6 p.m. Today’s papers give prominence to Government communiqué announcing the Export-Import Bank credit to the Banco Central. The announcement has had an effect, the peso has strengthened slightly and the reaction of all those with whom I have spoken has been very favorable. Officials of the Ministry of Finance refer warmly to this fine example of co-operation and assistance from the United States in helping Argentina at this difficult time. The Minister of Finance is tonight issuing a statement to the press expressing appreciation on the part of the Government, which is being cabled by the press services and which I understand Edward Tomlinson is using tonight in his broadcast to the United States.