What Alberto Fernández said about the $5,000 and $10,000 bills
Regarding the decision to issue $2,000 billsthe president stressed that the measure aims to better manage resources and generate less expense in the process of printing paper money. “We are looking for savings”he assured in the interview with Urbana Play this Monday.
In this line, he completely rejected that the decision to issue higher denomination bills is only part of the inflation control strategies.
At the same time, it left open the possibility for the issuance of even higher denomination notes, such as those of $5,000 and $10,000. “Nothing is ruled out, now we take out the $2,000”Alberto Fernández said this Monday in statements to the press.
This will be the new $2,000 bill announced by the Central Bank
The directory of The Central Bank (BCRA) approved last Thursday the issuance of a new $2,000 bill, which will be integrated into the current peso line. “It was designed in collaboration with Casa de Moneda and commemorates the development of science and medicine in Argentina,” it was officially announced. As Ámbito learned, it is likely that this higher denomination bill will be on the street in the second half of this year. In the meantime, he is considering issuing one for $5,000.
The paper of $2,000 will have as protagonists the National Institute of Microbiology Dr. Carlos Malbrán, on the back, and doctors Cecilia Grierson and Ramón Carrillo, precursors in the development of medicine in our country, on the front.
The launch “responds to a need for the system, which is collapsed,” according to a source close to the government. The last announcement regarding new banknotes that had been made in Argentina was in June of last year, when it was announced the launch of a family that recovered the figures of national heroes (displaced during the previous Government by those of native animals), and it incorporated images of prominent women in order to highlight the role of women in national history.
It should be remembered that, up to now, the paper with the highest denomination is that of $1,000, which, due to the evolution of inflation, has lost a lot of purchasing power and this brings complications to the banks, which complain about the costs of logistics, the problems ATM wear and tear and customer complaints.
Within this framework, the BCRA statement announcing the launch of the new banknote stated that “while the process of digitizing payments progresses, this higher denomination banknote will improve the operation of ATMs and, at the same time, optimize the transfer of cash.
Source: Ambito
