Banking. (It's the Law).The Supreme Court of Argentina The Supreme Court of Argentina (in Spanish, Corte Suprema de Justicia de la Nación) is the highest court of law of the Argentine Republic. It was inaugurated on 15 January 1863. The Supreme Court functions as a last resort tribunal. Its rulings cannot be appealed. ruled unconstitutional the government's devaluation devaluation, decreasing the value of one nation's currency relative to gold or the currencies of other nations. It is usually undertaken as a means of correcting a deficit in the balance of payments. of bank deposits in January 2002, a decision which caused the Argentine peso The peso (originally established as the nuevo peso argentino or peso convertible) is the currency of Argentina. Its ISO 4217 code is ARS, and the symbol used locally for it is $ (to avoid confusion, Argentines frequently use US$, to lose 70% of its value. The ruling could force the government to pay back depositors billions of dollars lost in the devaluation. |
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