Central Banking

Argentina to bar provinces from emitting scrip

The Argentine senate is likely to approve a law barring the provinces from producing quasi- currencies as required by the IMF under the loan accord. The proposed law makes the central bank the only entity permitted to produce notes and coins for Argentina.

Source: Bloomberg

Argentina's senate will likely approve a law barring the provinces from emitting quasi- currencies, a measure demanded by the International Monetary Fund as a condition for a new loan accord.

The proposed law makes the centr