By Latin American Summary, October 2, 2024.
Luis Sturzenegger informed a group of journalists at Casa Rosada. What is it and what functions does the public company dependent on the Ministry of Economy of Luis Caputo fulfill? Manuel Adorni confirmed it on Twitter, although he later deleted the post.
A few hours after announcing the closure of the company Trenes Argentinos Capital Humano (DECAHF)which involves the dismissal of almost 1,400 employees, it was learned that The Government is preparing a decree to eliminate at least five other State agencies, among them the Mint, that are under the sight of the Minister of Deregulation and Transformation of the State, Federico Sturzenegger.
“There are going to be five or six more, The one from the Mint is coming at any moment.”advanced one of the most influential officials of the government of Javier Miley in statements to a group of journalists accredited at Casa Rosada.
In this regard, the libertarian leader pointed out that the functions performed by the Mint, an organization that depends on the Ministry of Economy commanded by Luis Caputo, “they will be put out to tender” with private companies. Also “importing the banknotes” that the Central Bank needs is analyzed.
As happened with the company Trenes Argentinos Capital Humano, which was eliminated this Tuesday, all workers who currently perform duties at the Mint “they will be fired”.
After these versions, The presidential spokesperson, Manuel Adorni, confirmed the closure of the organization on his X account, but a few minutes later he deleted the post.
The Government justified the initiative to eliminate state organizations and companies with the objective of “eliminating unnecessary expenses“. Along these lines, this morning, Adorni maintained that the closure of DECAHF was ordered because it was “a railway company that did not operate trains.” In addition, the dissolution of the Argentine Transport Institute (IAT) was also made official.
These measures They will be accompanied by “the elimination of four or five other decentralized organizations”which are part of a list of companies that are being reviewed by the Secretary of State Companies and Companies, Diego Chaherand the Minister of Deregulation and Transformation of the State, Federico Sturzenegger.
What is the Mint and what function does it serve?
In addition to minting the Argentine peso, The Mint also deals with the manufacture of control instruments, security documents, software design and development and digitalization processes.
The institution, which is currently chaired by Daniel Méndez, is a public, industrial and commercial company, dependent on the Ministry of Economy, headed by Luis “Toto” Caputo, and was created in 1875, the year from which it began to operate uninterruptedly until this date.
Among the multiple tasks under its command, this institution produces postage stamps, tax stamps and other essential valuables for the functioning of the State, operating under strict quality control standards.
Among its certifications, the ISO 9001:2015 standard stands out, granted by Bureau Veritas Certification, which endorses its procedures for manufacturing banknotes, coins, medals, electronic passports, license plates and vehicle identification cards. Likewise, it has reached the highest level of the ISO 14298:21 standard for Security Process Management in printing, which allows it to manufacture banknotes and other products with the highest levels of security at an international level.
Based in different strategic points of the country, the Mint plants in Retiro and Don Torcuato are the main buildings in which it operates, which are equipped with the latest technology in the manufacture of banknotes, passports and patent badges.
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