Following the government’s denial of an alleged “pesification” of contracts and debts in the draft code reform, the head of the bloc of deputies, Agustín Rossi, clarified that Argentines “will be able to continue depositing and drawing up contracts in dollars.”
Speaking to radio La Red, the national legislator stated that “the Argentine peso is being put forward as the legal currency.” But reiterated that peso use will not be obligatory.
Rossi added that “in the case that the conditions of both parties were not clear for the two actors involved in a contract, they could apply the Civil Code. But when everything is explicitly outlined in the contract, there should not be any problems.”
The deputy confirmed, however, that the Executive has expressed the need to start thinking in pesos because “the country is in a position to implement this challenge that is profoundly cultural” so that “Argentina will think more in pesos than dollars and that the dollar will remain as the transactional commercial currency or for those who need it to travel abroad.”
Rossi confirmed that the official line is “that we want savings to be in the national currency.”
