This is the BOCADE of La Rioja, the first quasi-currency of the Javier Milei era

This is the BOCADE of La Rioja, the first quasi-currency of the Javier Milei era

February 20, 2024 – 20:03

Also known as “El Chacho”, they were approved in the provincial Legislature of La Rioja last month. They will enter circulation in 45 days.

Ambit

In 45 days will enter circulation Debt Cancellation Bonds (BOCADE) of La Riojathe first quasi-currency of the era Javier Milei. Ambit This Tuesday he accessed the first image of these bills also known as “El Chacho”, approved last month in the Legislature of that province.

The MOUTH OF They carry the image of the leader Ángel Vicente “Chacho” Peñaloza, known for being one of the last federal leaders to lead an armed uprising against the centralism of Buenos Aires in the 19th century. They will come out with denominations of 1,000; 2,000; 5,000; 10,000 and 50,000. Its issuance reaches $15,000 million.

Complete Rioja sandwich – 2

Ambit

According to the regulations, the provincial government must now agree with Banco Rioja “or other local banking entities, the form and modality of crediting into a checking or savings account or other form of bank deposit, of the amounts deposited” in bonds, although it does not define whether they will be physical or digital. Furthermore, the three areas of the State (municipalities, companies and decentralized, autonomous entities) are obliged by the regulations to accept quasi-currency “in total or partial cancellation of your money credits”.

Ricardo Quintela: “The Government forces us due to the cruelty of the adjustment”

The governor of La Rioja, Ricardo Quintelaconfirmed the creation of the quasi-currency and pointed against him National government: “We are forced into this by the speed, the savagery, for the cruelty of the adjustment that was precipitated in 20 days. This meant that when people went to collect their salaries, they no longer made ends meet.”

According to the provincial president, his administration is “forced” to promote the creation of a bond, the quasi-currency, to “cover a part of the salary” of public administration workers.

In his criticism of the Government of Freedom Advances (LLA)emphasized: “In addition to that, there are destabilization plans or programs of governments when they induce them to go against the governor of the province.

Source: Ambito

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