La Rioja Governor Ricardo Quintela — from the opposition Peronist coalition — requested authorization to launch the so-called bocade to pay part of public servants’ salaries after a strike by La Rioja’s local police force and protests from health workers. The legislature approved issuing as much as 22.5 billion pesos ($27.5 million) worth of bocades to complement workers’ paychecks in the national currency.
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Brrrrrrr....
7 months later, the province declares today a default on its sovereign bonds 🖨️💵 #Argentina