In the midst of soaring inflation, the question began to circulate about when the new copies will begin to circulate.
In the midst of soaring inflation, the question began to circulate about when the new notes will be available. Currently, there are 3,100 million units of $1,000 bills, to which will be added new copies imported from Malta and Paris. But when will the new copies circulate?
The Central Bank (BCRA) board of directors approved the issuance of a new $2,000 note that was announced at the beginning of February and will be progressively integrated into the current peso line. “It was designed in collaboration with Exchange house and commemorates the development of science and medicine in Argentina”, it was officially announced.
As Ámbito was able to learn through official sources, the new ticket “It is scheduled for mid-year, as announced at the time,” as confirmed to Ambit official sources. Therefore, it is likely that it will begin to be in circulation from June.
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However, a ticket that will not have the same luck is the $5,000 ticket since they confirmed that “it is not on the agenda for now.”
It should be remembered that, up to now, the paper with the highest denomination is that of $1,000, which, due to the evolution of inflation, has lost a lot of purchasing power and this brings complications to the banks, which complain about the costs of logistics, the problems ATM wear and tear and customer complaints.
In this framework, the statement of the BCRA In which he announced the launch of the new banknote, he assured that, “while the process of digitizing payments progresses, this higher denomination banknote will improve the operation of ATMs and, at the same time, optimize the transfer of cash”.
Source: Ambito
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