(17 Oct 2024)
RESTRICTION SUMMARY:
ASSOCIATED PRESS
La Rioja, Argentina – 24 September 2024
1. Supermarket worker scanning groceries
2. Various of a family buying groceries and paying with “chachos,” a new emergency tender invented by the left-leaning governor of La Rioja
3. SOUNDBITE (Spanish) Melisa Tapia, 30, local resident: ++STARTS ON PREVIOUS SHOT AND PARTIALLY OVERLAID BY SHOT 4++
"One to one; an Argentine peso is a peso in chachos. That is, they (stores) do not take it with a percentage less (of the value of a peso), nor is it excluded from deals in most of the stores where I have made purchases. They take it as the Argentine peso."
ASSOCIATED PRESS
La Rioja, Argentina – 25 September 2024
4. Man standing outside butcher shop by sign reading (Spanish) "We receive chachos"
ASSOCIATED PRESS
La Rioja, Argentina – 24 September 2024
5. Supermarket owner showing stack of “chachos”
ASSOCIATED PRESS
La Rioja, Argentina – 25 September 2024
6. Local resident Raul Tamper and his family paying butcher with “chachos”
7. SOUNDBITE (Spanish) Raul Tamper, 33, local resident: ++PARTIALLY OVERLAID BY SHOTS 8 AND 9+
"The chachos help my family to complete the pantry, the meat, and make ends meet, which is what we are all looking for."
8. Employees bring down meat from a truck
9. Butcher cutting meat
ASSOCIATED PRESS
La Rioja, Argentina – 24 September 2024
10. La Rioja governor, Ricardo Quintela, speaking
11. SOUNDBITE (Spanish) Ricardo Quintela, La Rioja governor: ++PARTIALLY OVERLAID BY SHOTS 12 TO 14++
"We don’t allow the purchasing power of the worker’s salary to decrease in the way it has diminished in other provinces. It’s attenuated a little here because we supplement their salary by 50,000 (pesos) more in chachos."
ASSOCIATED PRESS
La Rioja, Argentina – 25 September 2024
12. Woman walking by graffiti reading: (Spanish) "Milei you are hunger"
ASSOCIATED PRESS
La Rioja, Argentina – 24 September 2024
13. Various of people standing in line to receive chachos
ASSOCIATED PRESS
La Rioja, Argentina – 25 September 2024
14. Worker at butcher counting “chachos”
STORYLINE:
They look like cash, fit into wallets like cash, and the local government hopes they’ll be treated like cash.
But these brightly colored banknotes aren’t pesos, the depreciating national currency of Argentina, or U.S. dollars, everyone’s money of choice here.
They are “chachos,” a new emergency tender invented by the left-wing populist governor of La Rioja, a province in the country’s northwest that went broke when far-right President Javier Milei slashed federal budget transfers to provinces as part of an unprecedented austerity package.
"The chachos help my family to complete the pantry, the meat, and make ends meet, which is what we are all looking for," said Raul Tamper, a local resident.
Across La Rioja’s capital, “Chachos accepted here” decals now appear on the windows of everything from chain supermarkets and gas stations to upscale restaurants and hair salons.
The local government guarantees a 1-to-1 exchange rate with pesos, and accepts chachos for tax payments and utilities bills.
But there’s a catch. Chachos can’t be used outside La Rioja, and only registered businesses can swap chachos for pesos at a few government exchange points.
The bills bear the figure of Ángel Vicente “Chacho” Peñaloza, the caudillo, or strongman, famed for defending La Rioja and other provinces in a historic 19th-century battle against national authorities in Buenos Aires.
AP video shot by: Victor R. Caivano and Natalia Diaz
Find out more about AP Archive: http://www.aparchive.com/HowWeWork
Twitter: https://twitter.com/AP_Archive
Facebook: https://www.facebook.com/APArchives
Instagram: https://www.instagram.com/APNews/
You can license this story through AP Archive: http://www.aparchive.com/metadata/youtube/a64688d8fe024449b721e5d7f5572d77
Author: AP Archive
Go to Source
News post in October 22, 2024, 3:04 am.
Visit Our Sponsor’s:
News Post In – News
