Governing by decrees…

This cartoon appeared yesterday in El Diario, it shows both president and vice president next to a cannon, firing Supreme Decrees (SD) at a target labelled as Democracy. Government is questioned in the manner they intend to rule without further analysis or consideration of such measures without the participation of the Congress, now labelled as Assembly.

Today news cover SD No.910 that forces private banking to release financial movements information of their clients. The purpose being to report on illicit gains…

At the end of the following article there is an opinion that minimizes the impact of this Decree as it was done before, reporting over $10K transactions.

http://www.eldeber.com.bo/2011/2011-06-16/vernotaeconomia.php?id=110615235038

This article at the end has a different opinion, according to a former President of the Central Bank, people will slowly move out of the banking system.

http://www.la-razon.com/version.php?ArticleId=132281&EditionId=2561

This article also refers to the penalties imposed to those banks that neglect releasing required information.

http://eldia.com.bo/index.php?c=Portada&articulo=Gobierno-obliga-a-bancos–a-dar-informacion&cat=1&pla=3&id_articulo=65801

 

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