$20,000 bills, about to come out: when will they arrive at ATMs and how banks are preparing

,000 bills, about to come out: when will they arrive at ATMs and how banks are preparing

October 2, 2024 – 10:16

The larger denomination bills are in “boxes” waiting for their distribution to begin and the banks estimate that they will reach the ATMs at the end of the year.

Mariano Fuchila

He Central Bank (BCRA) Months ago, he anticipated the arrival to the banks of the $20,000 bills with the figure of Juan Bautista Alberdi on the front, scheduled for October. It should be remembered that the one with the highest current value is $10,000 and began to be issued on May 7 of this year. Banks are awaiting the arrival of the new paper and are preparing to begin the adaptation process.

It can take months, at least for ATMs. As in every new bill. It is sent outside for the supplier to approve it,” he tells Scope a source from a financial institution. They estimate that the delay will be “at least two months” for them to begin to be in the automatic terminals.

Another source assures that, although they will arrive from China towards the end of this month, “we will have to see when they put them on the street, if it is October or November and we hope it will be in the ATMs at the end of the year”, although in the ATM terminals they may be earlier.”

In December there will be $20,000 bills in ATMs

Along the same lines, another voice from the sector estimates that, “between November and December our ATMs will be operational to issue $20,000 bills” and reports that companies are already working on the “templates” of the ATMs to carry out tests in order to of month.

And the issue is that, as they explain in a bank, “the entities depend on the ATM administrators, which is the same for all of them,” but they do not rule out that they reach December with an advanced level of adaptation to meet the payment of year-end bonuses.

News in development.-

Source: Ambito

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