Javier Milei opinion of the project Ricardo Quintela Governor of La Rioja to create a own currency and although he was in favor, he warned that there could be a “loss of income.”
“Let the governors issue quasi-currencies if they want, in that sense, The market itself will determine what value it assigns to them.to their respective governors when they want to accept or not the bills that they issue,” said the President in dialogue with Radio Miter.
“Eventually, those who receive payments in the cuasimonies of irresponsible governors clearly they are going to see a loss of income. That is to say, what they do not get through budgetary adjustment they will get through inflation in the quasi-currency. Then people will realize how they are being scammed by the different governors who, potentially, are going to apply these types of measures.”
Javier Milei pointed out against the governors’ expenses
President Javier Milei responded to the governor of La Rioja, Ricardo Quintela, who demanded that the Government pay an alleged debt to his province, which would have led – in his opinion – to a protest by security forces.
“We don’t keep anyone’s money. So if you have a problem with how you allocate resources… Say, if spend money hiring Lali Espósito and then they don’t pay the Police, it’s not our problem,” the president launched in radio statements.
The Rioja territory experienced hours of tension due to aa demonstration led by provincial forces security and health personnel. For this reason, bank headquarters and public buildings were left without custody.
In this context, Quintela launched a battery of measures to alleviate the crisis and mentioned the possibility of create your own currency.
Ricardo Quintela’s proposal
Ricardo Quintela, governor of La Riojarevealed that he will send a own currency project to the provincial legislature. He expressed it in the framework of a radio interview in which he also expressed that the province is demanding a debt of $9.8 billion to the Government.
“I don’t want our people to die of hunger”, stated the governor. For this reason, he anticipated that he will send to the provincial Legislature “a project for the creation of its own currency for the province”. He also recalled that The Rioja had in the year 1988 “a provincial currency”which another was put into circulation during the period 2000-2001.
“The currency works with a percentage in cash and a percentage in bonus. These bonuses are received by the province for the payment of services, taxes and fees. Regarding trade, we must agree with the Chamber of Commerce so that you receive this currency as a form of payment,” he explained.}
The governor said that the crisis that led him to promote this initiative arises from the decision of Javier Milei to extend the Budget last year, which caused the Annual inflation will liquefy provincial funds.
In that sense, Quintela He also said that he is “talking with some governors” in order to carry out “a new co-participation law“. In this regard, he explained that currently “only the 31% of the share. It is not distributed check tax and the country tax neither. The same happens with the import and export withholdings“.
Own currency, a proposal that the Province of Buenos Aires did not rule out
Asked about the possibility of issuing a own currency In mid-December, the minister of Government of the Province of Buenos Aires, Carlos Biancostated that “it is something that The National Constitution and the Provincial Constitution allow us as part of pre-existing agreements.”
In that sense, he pointed out that “with the Banco Provincia does not have enough to attendto finance such a large Province, with so many sectors, industries, services and agricultural production”, which is why he highlighted the importance of transfers that -since the campaign- Milei He said he would look to cut back.
Source: Ambito
