According to the data of the Central Bank of the Argentine Republic (BCRA)As of September 30 of this year, the Mint printed 1,195 million banknotes with the figure of the oven and orange, 3% more than in August and 60% above 2020.
Prior to the vote on September 12, issuance was accelerated again and 26 million $ 1,000 bills were printed in the first half of the previous month, the same number as in all of August.
Likewise, 1,190 million $ 500 bills were printed until the end of September, about five million less than the thousand-peso papers.
The green ticket with the figure of the jaguar increased in printed volume by 1% in September compared to August of banknotes and accumulates a year-on-year increase of 21%.
Meanwhile, as of September 30, 492 million $ 200 bills have been printed.
It should be noted that when the $ 1,000 bills were put into circulation in December 2017, each one was equivalent to $ 55 at the free exchange rate of around $ 18. While currently they are equivalent to about US $ 5.23 at the price of the informal dollar that closed yesterday at $ 191.
On the other hand, the Fundación Agropecuaria para el Desarrollo de Argentina (FADA) prepared a report that indicates what Argentines bought four years ago with a thousand pesos and for what it reaches this amount today, which showed that four years ago they could be bought eight kilos of roast while now it only reaches 1.5 kilos.
However, it was shown that inflation is not only a food problem, but affects all types of products. In 2017, with what was spent to fill a small car’s tank with 40 liters of super gasoline, now you can buy 10 liters, 75% less fuel.
David Miazzo, chief economist at FADA, said: “The problem with inflation is not prices, it is pesos.” And he added: “We need more and more tickets to buy the same thing: that’s inflation.”
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