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The Government published the decree that enables the exchange of bonds in dollars to pesos

2023-03-23T00:34:40.612Z


The text bears the signature of Alberto Fernández and all the Cabinet ministers. It consists of only four articles. What does it say.


The Government released on Wednesday night the text of the

decree of necessity and urgency

through which it will force public bodies to dispose of their holdings of dollar-denominated bonds, both those with foreign (global) legislation and with local legislation ( TO THE).

The document consists

of

just four articles

where the most relevant is the first.

There it is stated: "Payments of interest services and capital amortization of bills denominated in United States dollars issued within the framework of Decrees Nos. 622 of September 17, 2021, 576 of September 4, 2022 and 787 of November 27, 2022 they will be replaced, on their expiration date, by

new public securities

whose conditions will be defined, jointly, by the SECRETARIAT OF FINANCE and the SECRETARIAT OF FINANCE, both dependent on the MINISTRY OF ECONOMY".

The DNU, which

must be endorsed

by the Permanent Bicameral Commission for Legislative Processing of

Congress

, bears the signature of Alberto Fernández and

the entire national Cabinet of Ministers.

.

Meanwhile, the measure will formally enter into force as soon as it is published in the Official Gazette, it is presumed in this Thursday's edition.

News in development.

DS​



look too

In the midst of the tension in the markets, the Government raised the rate and obtained additional financing in pesos

The economy grew 5.2% in 2022, but activity fell in the last quarter

Source: clarin

All business articles on 2023-03-23

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