The Limited Times

Now you can see non-English news...

They reveal that the Government will launch a new thousand peso bill with the face of San Martin

2023-06-05T05:52:09.374Z

Highlights: In the PPT program, they also assured that, completely vetoed by Kirchnerism, the $ 5,000 will not finally see the light. When the $2,000 begins to circulate,. The 5-peso bill with the face of José de San Martín, which was issued since 1998, went out of circulation just over three years ago. The new 2,000 peso bill is a tribute to health: on the obverse will have the image of Cecilia Grierson and Ramón Carrillo, and on the reverse, an image of the Malbrán Institute.


In the PPT program, they also assured that, completely vetoed by Kirchnerism, the $ 5,000 will not finally see the light. When the $2,000 begins to circulate.


The 5-peso bill with the face of José de San Martín, which was issued since 1998, went out of circulation just over three years ago. It was a farewell announced, due to the constant growth of inflation. However, the face of the Liberator of America and Father of the Nation will soon be seen again on a daily basis in any transaction, because it will again be on the front of a bill, in this case of 1,000 pesos, that the Government plans to launch in mid-July.

This was revealed during Sunday night by the program Periodismo para Todos, which made its return on the screen of El Trece. During that shipment, the journalist expert in economics and personal finance Cecilia Boufflet revealed that the Mint "already has printed" that new note.

"They remember the one in San Martín. They reprocessed it, they changed the number and now it is 1,000, "said the driver of the cycle, Jorge Lanata.

At the same time, they specified that making each 1,000 bill will cost 150 pesos, taking into account that in its life cycle each of them is printed three times and added that "the printing of "the entire series" of 500 and 100 bills, at a value similar to the previous one, is not stopped.

In addition, they remarked that, "completely vetoed by Kirchnerism," finally "the 5,000-peso bill will not come out throughout Alberto Fernández's management." Faced with rising inflation and the decline in the purchasing power of current banknotes, different sectors of the economy had demanded the printing of paper money with that denomination.

"We're not going to make a 5,<>-peso bill. It was an idea that circulated, but we are not going to do it, "Alberto Fernández ruled out the possibility, during the first week of May. However, with the price index on a permanent rise, that was a possibility that no one could rule out.

New 2,000 peso bill: between the rush and the problems to confirm its veracity

In parallel, they also explained the reasons for the rush to put into circulation the 2,000 peso bill, which on the back presents an image of the facade of the Malbrán Institute, and realized the inconveniences that this brings to, eventually, confirm its veracity.

Although in principle the paper with the image on the obverse of Cecilia Grierson, considered the first Argentine doctor, and Ramón Carrillo, former Minister of Health, was going to be on the street after half of the year, his departure was brought forward "because it was impossible to pay the Christmas bonus, because of the volume of bills it means."

"They were already printed and they advanced it almost a month because they needed to take them out so that the banks can pay for it," said Boufflet, who also highlighted a problem that this situation brings.

The new 2,000 peso bill is a tribute to health: on the obverse will have the image of Cecilia Grierson and Ramón Carrillo, and on the reverse, an image of the façade of the Malbrán Institute.

He said that, due to the shortening of the times for them to begin to circulate, "the company that makes the counterfeit detector still does not have the software" to perform that check. "So banks are training tellers. The machine with the laser is not yet ready to know which is which, "he completed.

At the beginning of February, the Central Bank had presented the new note of, for now, higher denomination. At the time, the release date was uncertain. In mid-April, meanwhile, the monetary entity, consulted by Clarín, indicated that they still did not have a specific date of departure, but that the printing of the new bills was advanced.

The road map of the contract established between the Central Bank and the Mint originally foresaw that only in June would the first batch of new 2,000 peso bills be sent. The second batch was scheduled to be delivered between August and September.

IS

See also

With reserves falling, the IMF still does not confirm the meeting to close the agreement with Sergio Massa

The key for Argentina to continue developing unicorns is financial stability

Source: clarin

All business articles on 2023-06-05

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.