The Government is preparing to finally launch the new $2,000 bill, which It will be released a little earlier than originally planned.as it was expected to be in the second half, but, according to market sources, Argentine Mint (CMA) “He was able to speed up the production processes and advance delivery times of the contracted products.” And they assured that the Central Bank of the Argentine Republic (BCRA) already has the new banknote.
In this way, they confirmed Ambit the rumors that began to spread this Thursday that the agency in charge of issuing the tickets was ahead of those provided for in the initial plan.
They pointed out that one of the first achievements of the president of Exchange houseÁngel Mario Elettore, in these almost three months of management will be “the delivery one month in advance (the date stipulated by contract for the first batch was June/August) of the new 2,000-peso commemorative bills to national public health, printed entirely in Casa de Moneda”.
In the hands of the BCRA
And, on the other hand, they put the ball in the court of the monetary regulator by stating that “now it is their times and those of their president, Miguel Pescethose who run to see when the Argentines will see them in the street”.
Although the printing of banknotes is a process that, in line with what is established by the regulation, has high degrees of confidentiality because it is part of the monetary policy of the Central Bank (BCRA), Ambit was able to learn some details of the contract signed for the issuance of this new paper.
First of all, it should be remembered that the directory of the Central Bank (BCRA) approved the departure of new $2,000 bill in February of this year and it will be integrated into the current peso line. “It was designed in collaboration with Exchange house and commemorates the development of science and medicine in Argentina”, it was officially announced at the time.
And it was learned that it will have as protagonists the National Institute of Microbiology Dr. Carlos Malbránon the back, and to the doctors Cecilia Grierson and Ramon Carrilloprecursors in the development of medicine in our country, on the obverse.
How is the contract between the BCRA and Casa de Moneda
Having said this, it is worth mentioning that the contract between the Central and Mint (CMA) For the provision of banknotes with the denomination 2,000, it is expected to cover the period June 2023-April 2024 and are divided into two parts:
- $2,000- Memorial Public Health- June/August (which was brought forward)
- $2,000- Carrillo-Grierson- September 2023/ April 2024
This distinction between two stages of printing and production It is anticipated that the first will be carried out entirely at CMA, while for the production of the $2,000-Carrillo-Grierson denomination, manufacturing processes were partially subcontracted abroad to the Brazilian Mint, the National Currency and Stamp Factory of Spain and the China Banknote Printing And Minting Corporation.
The banks, waiting for the new banknote
Now everything would indicate that the stage of testing and adaptation of bank ATMs would begins. Although, for the moment, the entities have had no news. “We still haven’t received anything and none of the ABA banks had received anything at the moment,” reported a source from the sector. While another said that “we expect something next month and then it takes a long time” the adaptation process. And a third voice from the entities affirmed that “for the moment, the Operations area had no news regarding the arrival of the new bills.”
We will have to wait and see what happens in the next few hours, since everything indicates that, at the end of May, we could begin to have a new bill with a higher denomination in circulation, the $2,000 bill, which will replace the old $1,000 bill. which has held that position since December 2017.
Source: Ambito
