“What happened in La Rioja is illegal,” said the Minister of the Interior of the Nation, Guillermo Francos, in reference to the quasi-currency promoted by Governor Ricardo Quintela and later approved by the provincial Legislature.
“All governors know that it is illegal. There is a fiscal pact that prevents the issuance of quasi-currencies, which are actually bonds,” said the official.
Read also: The effect of the La Rioja quasi-currency on the Caputo plan: from the impact on inflation to its possible price
Francos remarked: “What happened in La Rioja is illegal. In accordance with the law and the fiscal consensus agreements, this has certain sanctions within the agreement itself. The most important thing of all is that the national State is not going to receive quasi-currencies or bonds from the province that the governor of La Rioja wants to issue.”
“This has fines and the State Treasury Advances can be cut off, if there is money,” he said in an interview with journalist Alejandro Fantino in Neura Media.
The minister also specified that, “unlike what happened in the past, in no way are they going to be rescued by the National Government.” Prior to that, he highlighted that he discussed this issue with the President: “We talked about it with (Javier) Milei, who said it was illegal.”
News that is being updated.