As Ámbito had anticipated, this Friday, it finally came out the new $1,000 bill with the figure of General José de San Martín in its design. This was communicated by the Central Bank (BCRA) and announced that this monetary paper will be distributed progressively, through the network of Bank branchesto the whole country.
“In this way, a new family of banknotes begins, marking the recovery of historical figures who forged our country. The $1000 bill with the image of Jose de San Martin is part of the series Heroines and Heroes of the Homeland”, highlights the financial regulator.
The first member of the new family of banknotes
This is the second design of the banknote family that throws the BCRA (the first was the one for $2,000) and which brings together five more personalities in three bills, which are displayed as follows:
- the $500 one, with the images of María Remedios del Valle and Manuel Belgrano;
- the $200 one, with the representations of Martín Miguel de Güemes and Juana Azurduy;
- the one for $100, with the image of María Eva Duarte de Perón.
In this way, gradually, as well as San Martín will replace the baker on the $1,000 billMartín Miguel de Güemes and Juana Azurduy will become the stars of the $200 one, displacing the southern right whale from the current design, and María Remedios del Valle will join Manuel Belgrano in the $500 one, since the latter is the figure who illustrates the first design of that paper, and the jaguar will go out of print.
It should be clarified that there is no replacement process, according to reports from the Government, but that the previous families of banknotes will continue in circulation and the different denominations will be incorporated into the amounts demanded by the financial system. And, in this sense, it is clarified that “the new $1000 bill will coexist with the others of the same value currently in circulation.”
The objective, as reported by the Central at the time is create a new family of banknotes that marks “the return of historical personalities to paper money, thus recovering the memory and recognition of national heroes and heroines who, in decisive and foundational moments, forged our country”.
New $1,000 bill: how much does it cost to issue
He cost of printing new banknotes thousand pesos with the design homage to San Martin US$102.33 per thousand, according to official data. This is a slightly lower cost than the oven, which costs $107.36 per thousand. In this way, the change in design allows a small saving in the issuance to cover the monetary need for papers of $1,000.
Meanwhile, those of Eva Perón, Martín de Güemes and Juana Azurduy, that of Del Valle and Belgrano have a production value of US$99 per thousand and that of $2,000, with Cecilia Grierson and Ramón Carrillo (the first to start circulating ), costs $117.67 per thousand.
As for its design, it was made by the BCRA With Argentine Mint and one of the main novelties is that its reading format is horizontal on both sides. On the obverse is the portrait of José de San Martín. And they detailed that this image has its origin in the lithography of Juan Bautista Madou, based on which most of the engravings for the bills have been made, where the General San Martin young and in uniform.
banknote 1000 san martin reverse.jpg
The reverse is an artistic representation of the Crossing of the Andes, which began on January 17, 1817. And the predominant tones and their size are the same as the current circulating ones of the same denomination.
On the other hand, although 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.”
However, as anticipated last week Ambit he new $1,000 bill Winner goes out on the street for his security elements. 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.
Source: Ambito
