Rio City Hall Temporarily Suspends All Payments and Financial Transactions

In a note, city hall advises that the measure is provisional and has the function of adjusting the accounts of the municipality because of seizures ordered by courts.

RIO DE JANEIRO, BRAZIL - Amid the seizures of the accounts of the City of Rio, a resolution of the municipal secretary of Finance, Cesar Barbiero, suspended all payments and financial transactions by the city.

The block in operations of the Undersecretariat of the Treasury began to apply at 2 PM on Monday, December 17th. The resolution is published in the Official Gazette of the Municipality.

In a note, city hall informs that the measure has the function of adjusting the accounts of the municipality because of the seizures ordered by courts. According to the municipality, the action is temporary and . . .

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