National Congress of Argentina sessions span is from March 1 to November 30; the President of Argentina is entitled to convene extraordinary sessions during the recess, if needed. Senators and deputies enjoy parliamentary immunity during their mandates, which may be revoked by their peers if a senator or deputy is caught "in flagrante", in the midst of committing a crime. The Congress is in charge of setting taxes and customs, which must be uniform across the country. It rules the Central Bank of Argentina, manages internal and external debt payment, and the value of national currency (currently the Argentine peso). It rules the legal
Functional currency Functional currency Functional currency refers to the main currency used by a business or unit of a business. It is the monetary unit of account of the principal economic environment in which an economic entity operates. International Accounting Standards (IAS) and U.S. Generally Accepted Accounting Principles (GAAP) provide rules for translation of foreign currency transactions and financial statements. SFAS 52 introduced the concept of functional currency, defined as "the currency of the primary economic environment in which the entity operates; normally, that is, the currency of the environment in which an entity primarily generates and expends cash." Businesses may enter