2023-05-31 19:18:05
During last March, according to INDEC, supermarkets sold more than $100,000 million in cash. It is equivalent to 28.1% of the total. The rest were billed through credit or debit cards or electronic wallets. In total, the big chains sold regarding $363 billion that month.
For those large businesses, the cash handling it has become a problem that the appearance of the $2,000 bill does not solve. These are huge wads of money that cannot be transferred easily, and it is not a question of leaving that money standing still in the premises -as it can be done with non-perishable merchandise- because with inflation above 100% year-on-year it would be a fall very strong on the “real” value of those bills.
For this reason, merchants try to get rid of those tickets as soon as possible. They even pay for it.
Or give customers the opportunity to withdraw cash from the boxes at no additional cost. It is understood: it is a way to avoid paying to get rid of that money.
The cost of withdrawing the cash
Los supermarkets They face two costs to withdraw the money from the branches: on the one hand, they pay the service of the cash trucks, which must pass to load the collected cash.
On the other, there are the banks. They also get a cut for having their employees count the bills and deposit them in the bank account of the business.
For large businesses, cash handling has become a problem that the appearance of the $2,000 bill does not solve
How much does each take? The cost of the cash trucks amounts to 1.5% average. In other words, for the $102,000 million that they took in March, those companies pocketed $1,530 million.
In turn, the financial entities they keep the average 2% of the cash they handle. In total they were $2,040 million in March.
In total, taking into account the amount bagged by the cash trucks and the banks, the global cost was close to $3,570 million. Equivalent to no less than 3.5% of the total billed in cash by supermarkets.
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