This occurs in line with the exchange rate pax that has been recorded in recent weeks and greater market optimism after the first measures of the pro-market Government.
After the assumption of Javier Milei, according to official data from the Daily Monetary Report of the Central bank. Between December 10 and the end of the year, they increased US$1,077 million.
This occurs in line with the exchange rate pax that has been recorded in recent weeks and greater market optimism after the first measures ofl Pro-market government. As for deposits in pesos, they also stopped the exit despite the rate reduction.
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For their part, the private sector dollar deposits They stood at US$14,126 million as of December 10 and on December 27 they once again exceeded the barrier of US$15,000 million, a number they had not reached since mid-August when the electoral race began.
Something similar happened with the deposits in pesoswhich between mid-August and December 10 went from $13,043,384 million to $12,518,604.
Another key fact: December reached a record level of banknotes
Given the seasonal increase in the demand for own money at the end of the year in which you have to pay bonuses, the arrival of the holidays and the start of the summer vacation seasonthe BCRA was forced to increase the amount of bills in circulation.
Thus, banknotes in circulation marked a new milestone at the end of 2023, exceeding 10,450 million units for the first time, which represents an increase of more than 10% compared to the beginning of the last month of last year. According to official data from the Central Bank (BCRA), This figure reflects an increase of 1,020 million banknotes compared to the amount in circulation before the change of Government.
This way, 54.8% of the total banknotes in circulation are made up of $1,000 billswhich reflects an increase of 882.2 million notes of that value compared to the beginning of December, with which it could be concluded that the issuance did not decrease, but quite the opposite.
Source: Ambito
