Freak-Out Over Weird Armored Trucks Motorcade Stuffed with Cash In Argentina

Who’s getting this cash from the outgoing government?

By Bianca Fernet, Argentina, The Bubble:

Residents of the city of Río Gallegos in the province of Santa Cruz, Argentina, witnessed a surprising sight yesterday afternoon when at least five bright yellow armored trucks accompanied by heavily armed police paraded through the city.

The trucks reportedly arrived empty to the local airport Piloto Fernándezwhere they were loaded up with an estimated AR$1.3 billion in cash. Three of the five trucks delivered their load to banks in the city of Río Gallegos, while the other two continued on likely to Tierra del Fuego further south.

Local news organization OPI Santa Cruz reported on the unusual activity, likely prompting an official response from the Bank of Santa Cruz stating that “the movement of the armored trucks observed in the past few hours in Bank of Santa Cruz branches in Río Gallegos corresponds to the normal operation of the Central Bank of the Republic of Argentina (BCRA) and the Regional Treasury.”

According to a local news source at OPI that remained anonymous, the money was intended for Santa Cruz’s new governor and outgoing President Cristina Fernández de Kirchner’s sister-in-law, Alicia Kirchner, as well as her Tierra del Fuego counterpart Rosana Bernton.

The reason? The local informant alleges that it is to allow Alicia Kirchner’s government to pay salaries and end-of-year bonuses so as not to draw local attention to additional public spending. The province allegedly runs a massive deficit, and this cash from the outgoing national government would buy enough time to negotiate with the new government down the road.

This is speculation. However, five armored vehicles suddenly driving from airports to banks warrants a better explanation than, “This is something routine we always do, you’ve just all somehow managed to never notice it 15 days before a government changeover.” By Bianca Fernet, Argentina, The Bubble

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  10 comments for “Freak-Out Over Weird Armored Trucks Motorcade Stuffed with Cash In Argentina

  1. Paulo
    Nov 28, 2015 at 11:20 pm

    Obviously, we hope there is a way to monitor private bank accounts of outgoing politicians.

    Nothing would surprise me these days.

    • matt
      Nov 29, 2015 at 7:00 am

      Remember, The finance Ministers office a week ago Today was destroyed by fire along with the computers that keep track of all Bank records and financial transactions. many other suspicious fires have occurred under this regime in the past 18 months

    • CrazyCooter
      Nov 29, 2015 at 11:10 am

      Good thing they haven’t gotten their cash-less society dream-come-true. I know banks HATE to lose money on operating overhead, such as heavily armored car parades, all just to make a deposit.

      Assuming this is unusual (I hate no idea if it is or isn’t), this might be hard, cold hush-up-and-play-along money … when a simple wire transfer wouldn’t do.



    • MichaeltheArchangel
      Dec 10, 2015 at 3:54 pm

      Didn’t the Clintons do same thing upon leaving the White House?

  2. Nov 29, 2015 at 1:34 am

    ZH reporting a “mysterious” fire has hit the Argentine Ministry Of Finance and has destroyed years of files covering the previous regime’s time in office, so looks like maybe someone is cleaning house and running off with as much looted booty as possible.

  3. MC
    Nov 29, 2015 at 5:44 am

    Our local media (plenty of people here have relatives in Argentina so it’s always in the news) report yesterday a fire broke out in Buenos Aires in a building housing archives belonging to the Ministry of Economics which were “seriously damaged”. Luckily the building was deserted at the time so nobody was injured.
    Surely an incredible coincidence and completely unrelated to recent political events.

    Argentina reminds me more and more of Iraq under the US occupation, when pallets loaded with freshly minted $100 bills were unloaded from C130’s at Baghdad International Airport and literally disappeared into thin air.
    As nobody seems to have a clue where those dollars went, nobody seems to have a clue on where Argentina’s once healthy foreign currency reserves went.
    While it would be easy to accuse some people of lining their pockets (as most likely some did), I suspect the reality is far more interesting, probably nigh on unbelievable.

  4. polecat
    Nov 29, 2015 at 12:44 pm

    Wow…..sounds like part of a ‘FAST FIVE’ movie plot !!!

  5. chris hauser
    Nov 29, 2015 at 1:38 pm

    should one expect anything different?

    will she now get professorship at the kennedy school of government?

    or will she sign as a marco rubio advisor?

    or move to mars?

    anything is possible.

  6. robt
    Nov 30, 2015 at 10:02 am

    Time for the new government to issue ‘new’ AR$, and have holders exchanging ‘old’ AR$ account for the source of their cash over a nominal amount. Cash is strictly controlled in Argentina anyway, for the ‘ordinary’ people.

  7. Randy
    Dec 11, 2015 at 10:17 am

    Just like in the U.S., this is what happens when the citizens are ignorant of the facts and buy into ‘pie-in-the-sky’ promises by politicians. Obo promised “fundamental change” and everyone clapped in glee especially because it was coming from a black president. Kirchner promises jobs and steaks and everyone screams for joy. For how many years have the various governments of Argentina been screwing the citizens and the citizens keep going along with the next swindle?

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