As anticipated Clarion In its edition last Friday, the Central Bank decided to launch it larger denomination banknotes to the current one in stark contrast to the Kirchnerist governments who refused to “not validate the sensation of escalating prices”.
The president of the BCRA, Santiago Bausili, had already announced this to the banks. The ticket with the highest nomination is that of 2,000 dollars, which is basically worth two dollars and is enough for very little.
The technical work is now ready and, according to Friday’s Business Panorama preview, the tasks that Miguel Pesce has been secretly carrying out in recent months have resumed. Bausili’s predecessor had already commissioned them later Strong criticism of banks due to the storage and logistics costs of having such low value invoices.
From what has emerged, Bausili has ready the preparation of two new banknotes. They would come in circulation in the month of March. But the BCRA technicians raised the alert. They fear they won’t measure up and hesitate about which denomination to approve.
First they thought about banknotes 5,000 and 10,000 pesos. But inflation is flying and there is already speculation about something else: 20,000 and 50,000 peso banknotes, so as not to lose track of the comment.
In turn, the Mint again It has no designated president. The last owner, Angel Elettore, resigned. The organization is in the hands of the two members who complete its board of directors and, according to the law, one represents the BCRA, Cristina Tchintian, and another represents the Ministry of Defense, Marina Pecar. Both were aptly nominated by Miguel Pesce and Jorge Taiana respectively.
All Casa de la Moneda production It is dedicated to 1,000 and 2,000 peso cards, and at the maximum possible speed. Another possibility is to bring them from abroad in a process that not only takes time, but also, as President Javier Milei said, there’s no money.
The newspaper La Nación reported today that those already ordered abroad are awaiting payment. The House of Money be in debt 11.18 million dollars to the Brazilian counterpart, more than 12 million euros to the Spanish National Mint and Stamp Factory and almost 7 million dollars to the China Banknote Printing and Minting Corporation to precariously normalize the supply of banknotes and supplies.
Source: Clarin
