Overview
- Governor Maximiliano Pullaro said the proceeds from the nine‑year, 8.1% bond will be brought in only as needed to pay certified public works.
- Provincial officials say they have up to 180 days to repatriate the funds and plan a staggered inflow rather than a one‑time conversion.
- Pullaro cited recent peso moves following Central Bank changes to the exchange‑rate bands, arguing immediate conversion would erode purchasing power.
- The national government, led by Economy Minister Luis Caputo, pushed for quick dollars as Argentina faces early‑January external payments, with reports noting a US$2.4 billion target toward roughly US$4.225 billion due on January 9.
- Pullaro, part of the Provincias Unidas bloc, also pointed to unpaid pension transfers and halted federal works, deepening friction with President Javier Milei’s administration.