Quintela announced that the governor, the lieutenant governor, the ministers, secretaries and undersecretaries will receive $100,000 of their total salary in the quasi-currency.
The governor of La Rioja, Ricardo Quintelaconfirmed this Tuesday that it will begin to pay provincial salaries with the Debt Cancellation Bonds (Bocade), quasi-currencies whom the province baptized “Chacho”, inspired by the leader Ángel Vicente Peñaloza.
In his account on the social network ; governor, vice governor, ministers, secretaries and undersecretaries will receive $100,000 of their total salary with BOCADE, while the general directors will receive $50,000.
“I also request the Judicial Function, the Legislative Function and members of the Court of Accounts to implement the same measure with officials, deputies and judges of the TSJ,” he added.
Quasi-currencies in La Rioja: “El Chacho”, about to take to the streets with state salaries
The provincial leader also announced that his administration will grant “an increase in the settlement of the Supplementary Annual Salary that will be paid in the month of July, adding non-remunerative items that were previously excluded from the workers’ SAC.”
What are quasi-currencies?
Quasi-currencies are bonds issued by provincial governments that are added to monetary circulation along with the peso and can be used as a means of payment. With them, the State can fulfill its obligations and in some way make up for the lack of liquidity.
With the economic crisis of 2001, Lecop emerged at the national level, and Lecor, Córdoba’s version. While in Entre Ríos they had been baptized “Federal” and La Rioja had the same Bocade as now.
In turn, Corrientes issued the Cecacor; Tucumán and Mendoza issued the Petrom; Misiones, the Cemis; Formosa, Bocanfor and San Juan los Huarpes.
Chaco, took out the Quebracho; and in Catamarca the provincial government issued Bono Law 4748.
At the beginning of 2002, quasi-currencies reached 7.7 billion pesos, around 40% of the currency in circulation at that time. Retirements and salaries were paid with Boncafor (Formosa), Bonfe (Entre Ríos) or Bocade (Tucuman). They were accepted to pay provincial taxes.
