Warning from the UIC for the lack of dollars: “We are reaching a terminal situation”

Warning from the UIC for the lack of dollars: “We are reaching a terminal situation”

The president of the Industrial Union of Córdoba (UIC), Luis Macario, warned this Friday that this productive sector is reaching “a terminal situation” due to the lack of dollars.

“There is a constant change in the rules of the game,” Macario said in statements to El Doce.

“Payments for capital goods are made in 365 days. That does not exist commercially,” said the head of the local industrial entity.

Yesterday the Central Bank issued a resolution that obliges the provinces to pay debt with their own dollars.

Once the new restriction for access to the dollar market was known, the Government of Córdoba announced that it would initiate an appeal for protection in the federal Justice so that this measure would be rendered ineffective.

You may also like

By Anna Edwards

You May Also Like

  • Allbirds Soars 600% After AI Pivot

  • Allbirds’ AI Strategy Fuels 600% Stock Rise

  • Small Markets, Big Impact: Finland’s Deep-Tech Startup Success

  • Russia Sanctions: Evaluating Investor Exposure