National Magazine Exchange Decline XX The international decline in agricultural prices that followed the postwar European recovery, largely cut off the source of income of IAPI genuine. Thus began a phase loss, during which the Central Bank (which the body being depended) was forced to finance it. For this, the National Bank and the Industrial Cr Bank rediscount calling (loans) to the Central Bank and then lent these resources to IAPI. From 1949, the Institute's activities shrank, leading to the private sector to take over much of the exchange. In its relations with the private sector, the large subsidies granted IAPI: between 1947 and 1954 agricultural subsidies totaled 5,063,011 pesos, while the livestock sector was 4,567,590 pesos.Finally, the deficit turned out to be important enough to motivate the redesign National Magazine Exchange of its convenience (in its latest statistical agency operating deficit amounted to 20,000 million or 3 of GDP current time).