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La Rioja, in Default: the Governor Appealed Again to the Quasi-Currencies and Issued About $4 Billion of “Chachos”

Summary by La Nacion
Ricardo Quintela promoted the provincial currency for the first time in 2024; “they were a success,” justified the provincial finance minister

12 Articles

Lean Right

Ricardo Quintela's administration will deliver 50,000 Chachos to some 80,000 beneficiaries.Public employees, police and retirees are among those who will receive the quasi-currency.La Rioja is the only province in default.

·Buenos Aires, Argentina
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Lean Right

Ricardo Quintela promoted the provincial currency for the first time in 2024; “they were a success,” justified the provincial finance minister

·Vicente López, Argentina
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The president questioned the local currency and criticized Peronism for the policy promoted by Governor Ricardo Quintela.

La Rioja reissued the Chachos, the Debt Cancellation Bonuses (BOCADE) issued in the province, with a new distribution destined to different sectors linked to the municipal and provincial state.The measure began on Monday, August 17, and contemplates the delivery of 50,000 Chachos per person to some 80,000 beneficiaries, representing a circulation of 4 billion of the quasi-currency within the Rioja economy.The payment schedule will extend until A…

The government of Ricardo Quintela recirculated the provincial quasi-currency with an extraordinary aid of $50,000 for some 80,000 beneficiaries. The t tulos maintain a parity of 1 to 1 with the weight and can be used in affiliated shops and for the payment of different services and taxes.

The President harshly criticized the governor after the re-launch of the provincial quasi-currency. Milei warned that these instruments are a deception for citizens and reflect irresponsible fiscal management. Milei's entry counterattacks the Governor of La Rioja by the "Chachos": "Es el Plan Platita 2.0" was first published in #BorderJournalism.

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la Nacion broke the news in Vicente López, Argentina on Monday, August 17, 2026.
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