Decreto 287/1978 - APROBACION DE NORMAS PARA LOS CASOS EN QUE EL BROU EXIJA GARANTIA PARA LAS IMPORTACIONES REALIZADAS POR ORGANISMOS PUBLICOS — Uruguay law | Esheria

Decreto 287/1978 - APROBACION DE NORMAS PARA LOS CASOS EN QUE EL BROU EXIJA GARANTIA PARA LAS IMPORTACIONES REALIZADAS POR ORGANISMOS PUBLICOS

When the Banco de la República Oriental del Uruguay requires guarantees from public entities for import letters of credit, it must convert them to the selling commercial exchange rate in force when the guarantee is constituted. Those deposits are then applied to the final settlement of the operation when the regulation

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Jurisdiction
Uruguay
Instrument
Decree law
Version
Undated source snapshot
Language
es
Official source
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foreign exchange guarantees imports letters of credit

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Statute overview

About this statute

When the Banco de la República Oriental del Uruguay requires guarantees from public entities for import letters of credit, it must convert them to the selling commercial exchange rate in force when the guarantee is constituted. Those deposits are then applied to the final settlement of the operation when the regulations say so.