The Government formalized the departure of the president of the Casa de la Moneda


The name of Gabrielli’s successor has not yet been revealed

In the midst of the struggle to contain the constant generalized rise in prices, the Government officially announced the departure of the president of the House of the Coina, Rodolfo Federico Gabrielli. This was transmitted through the publication of decree 4/2023 in the Official bulletin.

“The resignation presented by the national public accountant Rodolfo Federico GABRIELLI to the position of Chairman of the Board of SOCIEDAD DEL ESTADO “CASA DE MONEDA” highlights the document, signed by Sergio Massa, Minister of Economy, in its first article.

as far as he could tell infobae Through a source from the Ministry of Economy, it was Minister Sergio Massa himself who asked him to resign, after knowing the results of his performance in a balance sheet at the end of 2022. “We were not satisfied with his management,” they said.

As Infobae learned, Massa requested the resignation of the official (REUTERS/Matias Baglietto/)
As Infobae learned, Massa requested the resignation of the official (REUTERS/Matias Baglietto/)

It may interest you: The last one in the table: the Argentine banknote with the highest denomination is the least valuable in dollars among 13 countries in the Americas

The name of Gabrielli’s successor has not yet been revealed, nor is it known what will happen to the other two members of the Board of Directors of the Mint. They are the vice president of the entity, Marina Pecar, and the director, Hugo Marcelo Franco. Both, as indicated by current regulations, had been appointed at the proposal of the Ministry of Defense and the Central Bank, respectively.

As this medium was able to reconstruct, the minister’s discomfort was due to a confluence of various aspects of Gabrielli’s management at the head of the body in charge of producing Argentine banknotes and coins. Among them, there was talk of an administrative management that left a “red balance”.

To these numbers, it is also added that the Casa de la Moneda had been developing lines of business that had a focus far from its central object and that, moreover, never finished developing. In fact, it is public knowledge that a large part of the banknotes that the Central Bank put on the street this year were produced abroad. Likewise, from Economy they reproached “the delay in the start-up of the production of banknotes.”

The Argentine banknote with the highest denomination is the least valuable in dollars among 13 countries in America (REUTERS / Agustín Marcarian)
The Argentine banknote with the highest denomination is the least valuable in dollars among 13 countries in America (REUTERS / Agustín Marcarian)

It may interest you: Due to the greater weight of the Income Tax, the tax burden reached 23.8% of GDP in 2022

This situation was reflected in the contradiction suffered by President Alberto Fernández’s announcement when he announced, together with the head of the Central Bank –Miguel Pesce–, the launch of a new line of banknotes in which the current values ​​would be maintained and the images of native animals by national heroes and public figures. No state agency returned to report on the progress of that plan for the renewal of paper money.

In any case, despite the fact that the Casa de la Moneda does not make decisions about the value and the image of each banknote -power that the Central Bank has-, the production of banknotes in the country was controversial, since despite the Due to the growing inflation of recent years, the monetary line was not renewed, leaving the $1,000 pesos bill as the highest value. It has little purchasing power, less than 3 dollars at the free price.

In a survey among 13 countries in the region, the paper of 1,000 pesos with the image of the baker is the one with the most limited purchasing power in the entire region, without there being any plans in sight to put into circulation any bill of a larger denomination.

As if this situation were not enough, in September of last year the Mint was again involved in the controversy. The organization has a tradition of making a gift to its staff every September 29, the anniversary date of its creation. For this reason, and in the midst of the World Cup euphoria, it was decided to give away 1,700 Argentine National Team shirts to its employees, in the middle of the stage of cost containment throughout the public administration. They finally gave up on the idea.

Keep reading:

Casa de la Moneda wanted to give away 1,700 national team shirts to its employees but had to back down
The last one in the table: the Argentine banknote with the highest denomination is the least valuable in dollars among 13 countries in the Americas


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