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If we're going to do it, we're going to do it right


The Government decided to print $2,000 bills, but $10,000 papers are needed: the validity of an old expensive and false K-dogma.

Among so many characters, some today too incorrect and others too innocent, in the 80s Alberto Olmedo put on a little mustache and became the employee Pérez,

a pusillanimous man capable of anything

to please his boss (Javier Portales), always complicated by some requested by his secretary/lover (Silvia Pérez).

Grateful for the favors, Portales kissed Olmedo, who reacted with

a phrase that became classic:

"If we are going to do it, we are going to do it well."

Beyond the somewhat outdated joke, there is

a commendable attitude in the enunciation


Since you are trying to do something, even something bitter, why not strive to do your best?

The government could learn something from that old skit.

But not.

Proof of this is the decision made last week to print $2,000 bills: the papers illustrated with the portraits of the doctors Cecilia Grierson and Ramón Carrillo

will hit the streets late

and, with luck, they will half-fulfill their purpose.

The demand for higher denomination money has been repeated since Alberto Fernández took office three years ago, due to the fact that the acceleration of inflation caused, among other damages, that

more and more bills were needed to buy the same thing


And more bills imply more costs to make them, larger places to store them, more discomfort at the ATMs, more insecurity to move them... For all of this you pay a price.

However, the Government refused to issue $5,000 or $10,000 bills by

virtue of an old Kirchnerist dogma

: putting higher denomination bills into circulation would expressly admit the loss of purchasing power and the triumph of inflation.

In fact, during Cristina's last presidency, with inflation already unleashed, the vice president today refused to print any paper larger than the $100 that had been circulating since Cavallo's time.

She limited herself to replacing Roca with Evita.

There came a time when

93% of the bills in circulation were $100


He was born with an equivalent of 52 dollars and today he buys just 2.64 blues.

When Mauricio Macri took office, papers for $500 and $1,000 arose.

Little by little, but faster and faster, they also lost their value.

Today, the highest denomination bill in the country

pays for just over half of a McDonald's combo


Its devaluation is such that during the Fernández government almost

three billion bills

of that value began to circulate.

Curiously, only eight months ago

a facelift

of the current banknotes had been announced.

The animals driven by the macrismo came out and a new litter of heroes entered.

But the denomination was not touched,

the Christian taboo


The family of banknotes that the Government announced, eight months ago, that it would begin to circulate in six months, and that will never see the light of day.

Of course,

95% annual inflation

in 2022 plus the same amount forecast for this year brought things to an unsustainable point.

And this is where Olmedo appears: if we are going to do it, why not do it well?

It is strictly a matter of efficiency.

According to a calculation by Augusto Ardiles, former director of the Mint, printing $2,000 bills will cost $21 million less than continuing with $1,000 paper.


those 21 million savings could reach 170

if a $10,000 bill were issued.

For the former official, "the cost of not printing higher denomination bills in 2020 and 2021 was US$ 186 million and not doing so between 2008 and 2015, when CFK was President, cost US$ 639 million."

Kirchner's refusal to accept larger bills exposes the difficulties of the ruling party -as a good top-down orga-

to bury dogmas that prove to be false


Or is it not clear that inflation is winning by a landslide beyond the numbers printed on paper money?

However, a dubious principism leads them to put beliefs before evidence.

It does not matter that everyone loses

as long as it can be said that the flag is not lowered

, no matter how pyrrhic the victory may be.

In that same Olmedo sketch, the employee Pérez pronounced another memorable phrase.

"We were so poor,"

he said.

The Austral circulated then, which came to have a 500,000 bill, which in 1991 became 50 convertible pesos, which were 50 dollars and today are 13 cents of that currency.

How current is Pérez's.

look too

"Neither Macri, nor Cristina": the President accepted the pressure K for the political table but does not lower his candidacy

Massa says he doesn't want to be but they push him, Macri hesitates and Larreta recalculates

Source: clarin

All news articles on 2023-02-05

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