The entity refused to reveal what it did with the bullion after La Bancaria requested it.

The entity refused to reveal what it did with the bullion after La Bancaria requested it.

August 19, 2024 – 18:58

The secretary general of La Bancaria, Sergio Palazzo, who initiated the request for public information, explained that the Central Bank denied his request.

The general secretary of the La Bancaria union Sergio Palazzo, assured that the Central Bank He refused to provide information on his use of physical gold. which is part of the international reserves, weeks after it was learned that the entity that leads Santiago Bausili enabled the transfer of bullion abroad.

“On Thursday, the BCRA responded to my three requests for access to Public Information. The BCRA authorities resolved ‘In accordance with article 8, paragraph B and C of Law 27,275 on the right to access public information, to declare the reserve and DENY requests for access to public information “formulated by Mr. Sergio Omar Palazzo.”

“Among the reasons expressed by the BCRA authorities, they have cited the following: ‘…any data linked to the geographic location… may jeopardize the security of these assetswith its consequent impact on the support of the implemented monetary and exchange policy, the support of deposits and the security of the financial system…’ they also invoked section B of article 8 of law 27,275, to deny the information, which says: ‘…information that could endanger the correct functioning of the financial or banking system…’”, Palazzo said in his X account.

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The response from the BCRA authorities and their denial are NULL “since they do not provide reasons for why they DENIED the information. The second issue to be analyzed is that many of the questions have no connection with article 8, paragraphs B and C cited in law 27.275, for example, if insurance was contracted, which was the carrier, if it was done through a British airline, if there was a board resolution, how much were the costs of transportation, flight and insurance, how many ingots were there, etc.,” continued the union member and national deputy of Unión por la Patria.

“The third issue is that I am being denied the information, but on the other hand the citizen and Minister of Economy seems to have it, since he acknowledged the operation on a television program. So much secrecy does nothing but make it clear that the gold was taken, that They don’t want to tell us what they are doing or are going to do with it. and that this government does not want citizens to find out about its government actions,” he concluded.

The controversy surrounding the Central Bank’s gold and Luis Caputo’s response

The Minister of Economy, Luis Caputo, was asked in an interview about gold and assured that it is part of a strategy to manage international reserves in an “efficient” manner. In statements to LN+ Caputo said: “It is a very positive move by the Central Bank because today there is gold in the bank that is as if you had a property inside and you cannot use it for anything.” “On the other hand, if you have that gold outside, you can get a return on it and The country needs to maximize the returns on its assets”the official said.

Source: Ambito

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