840.51 Frozen Credits/7802

The Department of State to the Bolivian Embassy

Aide-Mémoire

Thoroughly reliable sources have reported to this Government that the Banco Central de Bolivia, wholly owned by the Bolivian Government, is continuing to grant exchange facilities to firms in Bolivia whose activities are inimical to the security of the Western Hemisphere. This situation continues despite the assurances contained in [Page 627] the note of His Excellency the Ambassador of Bolivia, dated June 11, 1942,23 in which was quoted a letter dated June 3, 1942, from His Excellency Eduardo Anze Matienzo, Minister of Foreign Relations of Bolivia. In that letter, the Minister of Foreign Relations stated that the Government of Bolivia would do everything necessary to prevent the irregularities set forth in the Aide-Mémoire of the Under Secretary of State of the United States, dated May 20, 1942, which dealt specifically with the granting of exchange facilities by the Banco Central de Bolivia in the manner aforementioned.

The Government of the United States is confident that the Government of Bolivia wishes to give practical effect to Resolution V adopted at the Third Meeting of the Ministers of Foreign Affairs of the American Republics and that the Government of Bolivia will wish to make certain that its instructions to the Banco Central are so comprehensive as to prevent the granting of exchange to any firms, whether located within or without Bolivia and regardless of nationality, whose activities are believed to be inimical to the security of the American Republics.

In view of the foregoing and of the events since the date of the aforementioned Aide-Mémoire, including the adoption of resolutions at the recent Inter-American Conference on Systems of Economic and Financial Control which implemented Resolution V adopted at the Third Meeting of the Ministers of Foreign Affairs, this Government would greatly appreciate receiving renewed assurances from the Government of Bolivia that the Banco Central de Bolivia will not engage in any further operations of the type mentioned in the preceding paragraph.

  1. Not printed.