2023-07-07 14:22:13
While the official dollar market maintains its restrictions, the informal market adds its own restrictions for the purchase and sale of dollars.
How to identify if the new $1,000 bill is real or fake and not fall for scams
The Central Bank announced the launch of the new $1000 bill and explained the measures that will be carried out to identify if they are fake.
In this case, the type of ticket and the state in which the copy is located will be relevant. The acceptance or reduction in the price of these types of dollars will be 100% linked to the decision of the exchange house and/or cave.
The blue dollar is trading this Friday, July 7, at $486 for purchase and $491 for sale. In turn, the caves and exchange houses maintain their position of paying up to 8% less or rejecting “small face” bills, lower denomination and/or stained.
There are three reasons why these “small face” bills are not accepted:
Security: those who work in the caves assure that they do not have all the necessary prevention measures. Transfer: the exchange houses assure that, for reasons of transfer, they are sold at a lower price that can be around between 2% and 4% in some cases. Circulation: despite the fact that the Federal Reserve of the United States (Fed) confirmed that all dollar bills are valid, from the caves and exchange houses they believe that at some point they will cease to be in circulation.
When will the new $1,000 bill begin to circulate and what it will be like
The head of the Central Bank, Miguel Pesce, informed today regarding the creation of a new $1,000 bill that would have the image of San Martín.
In turn, the stained and broken dollar bills are sold in the City of Buenos Aires between 4% and 8% less than their price. The general condition (stains, tears and dirt) of the same will be key for it to be accepted.
How much do the smaller denomination dollars sell for?
Bills of US$50, US$20, US$10, US$5 and US$1 are sold at a lower price in the City and in the caves where blue dollars are found. In that sense, it is the same case as with those with a “small face”.
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