2023-05-23 14:53:57
in the middle of a inflation growing, few decisions are as difficult to understand as the decision of the Central Bank to launch a new bill of 2,000 pesoswhose purchasing power barely exceeds 4 dollars at the blue price, which closed yesterday at 490 pesos.
To graph how much this new bill will serve, it should be remembered that when the 1,000-peso paper appeared, in November 2017, it was used to buy 57 dollars.
The arrival of the new banknote, whose design combines gray and pink colors and pays homage to public health doctors Ramon Carrillo and Cecilia Griersonbrings very limited help for the main problem of banks, which is the need to load ATM network constantly. The fact that the main ticket still has such a low value will not solve the difficulties that also affect any ordinary consumer.
$2,000 bill: how much value has it lost since its creation was announced?
Two pieces of data plot the impact of inflation on cash. One is that it does not reach the industrial capacity of the Mint, even with the addition of the former Ciccone’s plant, to print all the banknotes that are needed. That’s why the Argentine banknotes They are also imported from China, Spain and Brazil.
Secondly, in recent years the use of all digital means of payment has skyrocketed, such as cards, QR payments and transfers. Despite this, the need to manufacture banknotes is not reduced: inflation is always faster.
JL
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