The BCRA approved the issuance of $10,000 and $20,000 bills: when will they go into circulation

The BCRA approved the issuance of ,000 and ,000 bills: when will they go into circulation

In the current context of inflationary acceleration, the Central Bank (BCRA) confirmed this Thursday that will put larger denomination banknotes into circulation during the course of this year, $10,000 and $20,000.

Its broadcast “it will facilitate transactions between users, make the logistics of the financial system more efficient and will significantly reduce the costs of acquiring finished banknotes,” The BCRA indicated in a statement.

With the purpose of saving costs and shortening production times, the Board of Directors of the monetary authority decided to use existing designs belonging to the “Heroínas y Héroes de la Patria” family for the new banknotes.

What will the $10,000 bill be like?

The $10,000 bill will have images of Manuel Belgrano and María Remedios del Valle, heroine of the War of Independence, on the obverse. The image that will be used of Belgrano is from a portrait attributed to the French artist François Casimir Carbonnier. The representation of the heroine belongs to the work “La Capitana” made by the Argentine artist Gisela Banzer.

On the reverse, the main motif will be the artistic recreation of the scene of the Flag Oath carried out on February 27, 1812.

What will the $20,000 bill be like?

The protagonist of the $20,000 bill will be Juan Bautista Alberdi, inspirer of the National Constitution of 1853, whose portrait will be on the obverse. As the central illustration on the reverse will be the recreation of the birthplace of the lawyer, diplomat, economist, writer, philosopher, journalist and politician.

CENTRAL BANK 1500

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New banknotes: when will they go into circulation

The new species They will retain the size of the banknotes in circulation and will be printed on cotton paperwith its traditional safeguards such as the watermark and the security thread.

In turn, through special printing systems security elements will be incorporated which will be intended mainly for the general public, but will also allow the machine recognition.

The BCRA said it expects the new banknotes to be available to the public starting in June of this year.

Source: Ambito

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