Let us remember that one of the main criticisms leveled at the new ticket is that, as the economist Federico Glustein believes, due to the inflation“when I go out on the street, possibly, the new $1,000 paper possibly lose 40% or more of its value.”
Likewise, he considers that, “instead of doubling those of $1,000, which at this moment is equivalent to a little more than $2 in the blue dollar (which closed at $498 this Tuesday), the ideal would be to implement papers of at least $5,000 and $10,000.” Consequently, he points out that a great opportunity is being wasted to lower the cost of safekeeping and transportation of funds that the banks.
However, as was said, the one from San Martin that will come out “imminently”, as anticipated last week to Ambit the president of the Central Bank (BCRA), Miguel Pescewill take to the streets winner for its security elements.
$1,000 bill: why a winner is born
And it is that it received recognition as the best regional ticket of 2023 within the framework of the High Security Printing Conference (High Security Printing), which was carried out a few months ago in Chile.
It is an annual Latin American meeting in which the regional ticket categories of the year and identity document of the year and, within this framework, our new monetary paper received first place, followed by $5,000 from Guyana. While the new series of dollars launched by the Barbados government was also recognized.
It should be remembered that, although the details are not yet known, in order to verify if a ticket It is legal tender, the security measures implemented jointly by Casa de Moneda and the BCRA must be taken into account and among the main ones that are recommended to be implemented are:
- the watermarkwhich can be seen by holding the bill up to the light.
- Optical Variability Ink: an ink with particles that give an optical effect of color variation when the light changes.
- security thread: succession of silver segments in which you can read “BCRA”.
- calcographic printing: which is a relief perceptible to the touch.
The cultural value of the San Martín banknote
And, on the other hand, the economist Pablo Ferrari points out that its exit is also important in cultural terms because he points out that it is essential that this monetary object of circulation carry a social symbol represents sovereigntyas is the image of San Martín.
In contrast, it is important to remember that the previous government eliminated historical figures and replaced them with animals, displacing subjectivity towards a geographical space devoid of representation and social, political and historical content”, he highlights.
We will have to wait a few days to see the bill live and direct, but what is known about it is that, beyond the questions about its issuance, it is a design that guarantees good security measures to avoid its falsification, which will maintain the colors that the baker currently has (the current one of $1,000), which helps its identification by users, and with a very important symbolic value for the current government management, that made the return of the heroes an important banner of defense of local sovereign values.
Source: Ambito
