2023-06-06 21:41:52
After the last measurement of the Central Bank of the Argentine Republic (BCRA), which restricted by 60% the access of the provinces to the official exchange market to be able to face debt payments, Córdobaone of the administrations that protested once morest the initiative, received the endorsement of Justice, amparo through, to be able to acquire foreign currency at the official value.
According to the information known this followingnoon, federal judge No. 2 of Córdoba, Alejandro Sanchez Freytesmade room for the amparo presented by the government of Juan Schiaretti and authorized the Mediterranean province to access dollars in the official exchange market to pay debt maturities that arise this year.
The decision of the Cordoba executive to present an amparo before the Justice corresponds, especially, to the imminent maturity of the debte for u$s 143 millionwhich expires this coming Saturday, with the previous Friday as the last business day.
Justice authorized Córdoba to buy dollars at official value: the judge’s arguments
This Tuesday, the magistrate announced his decision and stated: “The suspension of the effects of Communication “A” 7782 of the BCRA and its applicable acts is ordered, for which reason allow the plaintiff immediate access to the exchange market for the purchase of the necessary dollars, only to cancel the debt maturity of 06.10 of the current year”.
In addition, it insisted that “the measure set forth herein is justified by reason of the rights at stake, since if there is no immediacy in this decision pmight cause immediate legal and patrimonial effects once the breach has been consummated, affecting the incorporation of its genuine source of income destined to fulfill and carry out the state mission.”
Justice authorized Córdoba to buy dollars at official value: what Juan Schiaretti said
“The Federal Justice ruled in favor of the Province before the decision of the Central Bank to restrict the sale of dollars to comply with the commitments that we had opportunely assumed”said the governor of Córdoba, Juan Schiaretti, following the resolution in favor of his claim was released.
The president, who is in the middle of the political scene due to his possible incorporation into Together for Change, also remarked that the provision of the Central Bank “was an illegal, anti-federal and discriminatory measure once morest the provinces«.
Along these lines, he deepened his questioning of the initiative, assuring that “those commitments assumed in foreign currency have been duly authorized by the national State itself«.
“These types of resolutions generate notable damage to legal security, take away predictability and move us further and further away from being a normal country that advances with certainties,” the president emphasized.
With information from the Financial Area
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