The government of Javier Milei made the intervention of the Mint official and appointed Pablo Daniel Cavagnaro

The Government intervened in the Mint: the powers that the auditor will have

The decree orders the appointment as auditor “as of November 1, 2024” Pedro Daniel Cavagnaro, who “will have the powers that the Statute of the intervened company confers on the Board of Directors and/or its President and, especially, those established in this decree.”

• Prepare and submit to the MINISTRY OF ECONOMY a report on the status of SOCIEDAD DEL ESTADO “CASA DE MONEDA”
• Prepare a reformulation, readjustment and action plan for society, which must be submitted to the MINISTRY OF ECONOMY for consideration.
• Review all of the judicial and administrative processes in which SOCIEDAD DEL ESTADO “CASA DE MONEDA” participates or is involved as a party, third party or potential interested third party, preparing a report on its status and the recommendations to follow.
• Survey, evaluate and modify by agreement the Collective Labor Agreements for the Company’s Personnel and/or negotiate new ones
• Exercise employer representation before union entities and company personnel by reviewing the remuneration and salary guidelines, compensation parameters and separation agreements
• Survey, evaluate, modify the fund administration regime, expanding or reducing budget items and/or approving a new one
• Modify the Contracting Regulations for works, goods and services of the company and/or approve a new one
• Modify the name of the company, with prior approval from the NATIONAL EXECUTIVE BRANCH
• Survey and modify the organic and functional structure, the corresponding organizational chart and the Professional Regime of contracted, permanent staff and cabinet personnel and/or approve a new one.
• Determine and propose to the MINISTRY OF ECONOMY the actions aimed at organizing the personnel regime of the STATE COMPANY “CASA DE MONEDA” regarding its status as a magazine.
• Review the company’s purchasing and contracting administration
• Arrange a comprehensive audit on the state of the facilities, goods received and their status
• Evaluate and report to the MINISTRY OF ECONOMY the existence and compliance of possible observations and recommendations made by the Internal Audit Unit, by the GENERAL OFFICE OF THE NATION, by the GENERAL AUDIT OF THE NATION and on the regularization and/or corrective actions that they would have faced
• Appoint and remove officers and personnel of the company
• Carry out the contracting of goods and services that are necessary for the fulfillment of the powers granted here.
• Renegotiate existing debts through refinancing, payment and/or asset disposal mechanisms
• Evaluate, renegotiate, extend, extend, modify, resolve and terminate existing contracts that ensure the continuity of the provision of services in favor of society and/or third parties.
• Adopt the necessary measures to transfer from the STATE COMPANY “CASA DE MONEDA” to third parties the services provided by said company, the personnel, the movable and immovable property, brands, registrations, patents, licenses and other intangible assets and all those assets that As of the date of issuance of this document, the services provided by the SOCIEDAD DEL ESTADO “CASA DE MONEDA” will be affected.
• Carry out the necessary contracts in order to carry out the strategic disposition procedure of the company and its business units jointly or separately, in coordination with the Temporary Special Executing Unit “PUBLIC COMPANY TRANSFORMATION AGENCY”, acting in the scope of the MINISTRY OF ECONOMY
• Represent society legally

The measure had been pre-announced by Adorni last Tuesday, when he reported that the company’s intervention decree was in process. The spokesperson explained that it was decided to cancel the contracts for the production of $1,000 and $2,000 bills that were in progress with the Mint because he assured that “The issuance of low denomination banknotes does not make any sense in terms of cost/benefit ratio.

He assured that “virtual wallets are increasingly used and electronic payment, so it does not make much sense to continue with that level of inefficiency in the printing of banknotes.” And he said that “the chachos, which the province of La Rioja launched or any other piece of paper that any province prints, is not more than lack of spending control.”

It should be remembered that, as of Monday at 10 p.m., the company stopped producing paper money. Likewise, it was established that employees directly affected by the production of the $1,000 and $2,000 bills must make use of the vacation periods they have available.