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BCRA will appeal precautionary measure in favor of Córdoba

BCRA will appeal precautionary measure in favor of Córdoba

The Federal Justice granted a precautionary measure that suspends Córdoba from the effects of the restrictions on governors to access the purchase of foreign currency in the official market.

The Central Bank of the Argentine Republic (BCRA) announced through a statement that it was notified of the precautionary measure ordered by a Federal Court of Córdoba that suspends the province from the effects of the virtual “stocks” to the governors to access dollars at official value to pay 60% of the debt maturities in foreign currency.

At the same time, The monetary entity announced that it will appeal the measure. “The Central Bank of the Argentine Republic will proceed to file legal appeals against the precautionary measure ordered by the Federal Court of Córdoba,” he explained in a letter.

The BCRA reported that “it was notified today of the issuance of a precautionary resolution ordered on the date, by the Federal Court of Córdoba No. the suspension of the effects of Communication A 7782 of the BCRA and of its acts of application, in order that the Province of Córdoba can immediately access the exchange market for the purchase of the necessary dollars, limited to the cancellation of the debt maturity of June 10 Of current year”.

On the other hand, in the same resolution the Court that granted the precautionary measure in favor of Córdoba declared itself incompetent, ordering the referral of the proceedings to the Supreme Court of Justice of the Nationfor understanding that this is the instance with original competence.

Source: Ambito

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