In this news
- Chinese manufacturing
- Next ticket
The Central Bank put the $10,000 bill into circulation. The new higher denomination paper will be distributed progressively to bank branches and ATMs throughout the country. However, it will take some time for it to start circulating on the street and it is available in electronic terminals.
“The process until it reaches the hands of the people take several weeks. Now, the Central Bank will distribute the new banknotes to the banking entities. Then, one by one, you will have to reconfigure the systems so that these bills are available at ATMs,” BCRA sources said before The chronicler.
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Companies and families hope that the arrival of the banknote into their hands will accelerate so facilitate transactions. Its use represents a significant simplification, taking into account that, until now, the one with the highest denomination on the street is $2000 and, after that, there are few copies circulating.
The Government anticipates that the first $10,000 bills They will begin to circulate on the streets in June, month in which the demand for cash grows for the payment of the half bonus. Due to the adequacy of the systems, it will take several months for them to be enabled throughout the ATM network for both withdrawals and deposits.
Chinese manufacturing
The manufacture of the first batch of these banknotes did not have the seal of the Argentine Mint. The Central directly tendered and contracted China Banknote Printing and Minting Corporation (CBPMC), state printing press of that country, without going through the local factory. The next batches will probably also be made abroad.
In off the recordGovernment sources indicated to this medium that the new banknotes were not manufactured in the country because the technological update process of the Casa de Moneda has not been completed due to the accumulation of debts with foreign suppliers that come from the previous administration.
“It is not yet known where the next batches of banknotes will be made, but I do not think they will be made here. Casa de Moneda is in debt of current contracts with suppliers. “I don’t think he is in a position to take on new hires,” the sources indicated.
Although China was one of the passes banned by Milei For contracts with the State, as stated during the electoral campaign, the Asian country was chosen to manufacture these banknotes due to lower costs compared to the offer from other countries. Based on the same criteria, it is not ruled out that the next batches have the same origin.
Next ticket
The Central indicated that the $20,000 bill will enter circulation in the last quarter of the year. He trusts that these two new roles will facilitate transactions between users, make the logistics of the financial system more efficient and allow significantly reduce costs of acquisition of the finished tickets.
Both bills belong to the “Heroes and Heroes of the Homeland” family that the previous Government announced in May 2022. The $10,000 one has images of Manuel Belgrano and María Remedios del Valle, heroine of the War of Independence. In the $20,000 one, there will be the image of Juan Bautista Alberdi.
Regarding the $10,000 bill, the monetary authority detailed that “the image of Belgrano is from a portrait attributed to the French artist Franois Casimir Carbonnier, while the representation of the heroine belongs to the work La Capitana, made by the Argentine artist Gisela Banzer.”
