In the midst of the shooting of the inflationhe Central Bank of the Argentine Republic (BCRA) approved at the beginning of January to begin broadcasting $10,000 and $20,000 bills during the course of this year. Considering the daily devaluation of our national currency and the uncertainty generated by the first steps of the government of Javier Milei and the failure of the omnibus lawthe big question around the topic is related to its real valuethat is, how much they will be worth at the end of the 2024 period.
As indicated, the $10,000 bill will have the images of Manuel Belgrano and of Maria Remedios del Valleheroine of the wars of independence. In the of $20,000 will be the image of Juan Bautista Alberdione of the people most admired by Milei.
He BCRA said that “with the purpose of save costs and shorten production timesthe Board decided to use existing designs belonging to the family ‘Heroines and Heroes of the Homeland’” for the new banknotes.
New $10,000 and $20,000 bills: what will their real value be?
The pesos are devalued day by day within the framework of a high level of inflation that, according to the latest official data from the National Institute of Statistics and Censuses (INDEC)registered a 25.5% in December. Added to that is the uncertainty generated by the first steps of the government of Javier Milei and the failure of omnibus law.
Taking into account the values of inflation provided in the BCRA REM reporthe $1,000 bill would become $0.20 towards the end of 2024, according to the consulting firm Focus Market. Born in 2017we can affirm that until today lost all its real value: it happened to cost $1,000 to $43 and, in parallel, US$51 US$0.98.
Faced with these questions, and seeing how the inflation before it stabilizes it will increase, we must evaluate the income of the $10,000 and $20,000 bills. In that sense, the consulting firm assured that, if 2024 is assumed with inflation above him 213%it is considered that these new denominations at the end of the period will be worth approximately $2,961 and $5,979 respectively, which means that “the loss of purchasing power is imminent over time”he defined.
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Focus Market
$10,000 and $20,000 bills: when do they start circulating
It is estimated that the central bank put into circulation new bills in June 2024. “The issuance of these denominations will facilitate the transactions between userswill make the logistics of the financial system and will significantly reduce the acquisition costs of finished tickets“, reported the monetary authority.
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Depositphotos
What will the new $10,000 and $20,000 bills be like?
He $10,000 bill will have the images of Manuel Belgrano and of Maria Remedios del Valleheroine of the War of Independenceon the obverse.
The image to be used Belgrano It is from a portrait attributed to the French artist François Casimir Carbonnier. Meanwhile, the representation of the heroine belongs to the work “The Captain” made by the Argentine artist Gisela Banzer.
On the reverse, the main motif will be the artistic recreation of the scene of the Flag Pledge made on February 27, 1812.
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Depositphotos
The protagonist of $20,000 bill be Juan Bautista Alberdiinspirer 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.
It is worth mentioning that the new species will conserve the size of banknotes in circulation and will be printed in cotton paperwith its traditional protections such as the watermark and the security thread. In turn, through special printing systems, they will be incorporated Security elements which will be intended mainly for the general public, but will also allow the machine recognition.
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Depositphotos
What are the currencies that are still in circulation in Argentina
Although there were several attempts to remove some coins from circulationthey are all still in force, even those of 1 and 5 cents, according to the Central Bank of the Argentine Republic. Although they have not been used in daily life for a long time because they are worthless due to the inflation.
- 1 cent
- 5 cents
- 10 cents
- 25 cents
- 50 cents
- $1 Trees of the Argentine Republic
- $1
- $1 Bicentennial of the First National Coin
- $1 Bicentennial Series
- $2 Trees from the Argentine Republic
- $2
- $5 Trees from the Argentine Republic
- $10 Trees from the Argentine Republic
Source: Ambito
