April 18, 2014
Monday, December 23, 2013

Gov't rejects pseudo currency alternative

Cabinet Chief, Jorge Capitanich during a rally in Castelar, Buenos Aires province last Saturday. (TÉLAM)

Cabinet Chief, Jorge Capitanich defined as an “outburst and exaggeration,” the statements of Corrientes Governor Ricardo Colombi, who warned about the possibility of emitting a pseudo-currency due the economic situation in his province.

“I honestly think it was an outburst and an exaggeration to say that”, affirmed Capitanich during a press conference from the Government House.

In addition, he assured that “the province of Corrientes will clearly face its salary responsibilities for December,” while emphasizing that “there is no reason to issue bonds.”

Last week, Colombi explained that many provinces do not have the funds to satisfy the salary demands, and in that sense he considered that a “a pseudo currency will be needed”, like happened during the economic crisis of 2001.

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Tags:  Argentina  Economy  Jorge Capitanich  Corrientes  Pseudo currency  

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