Argentina will put into circulation in the middle of this year the new 2,000-peso bill, which will become the highest denomination. The purpose is to face the high inflation that overwhelms the nation.

In December 2022, Argentina closed the period with 92 % inflation, one of the highest for the moment. This situation generates a decrease in the purchasing power of citizens and affects the entire financial system.

In this sense, this Thursday it was informed that the Central Bank of Argentina will put into circulation the new 2,000-peso bill, in cooperation with the Casa de la Moneda. Citizens will to be able to obtain them at ATMs starting next July.

The new banknote, which will commemorate the development of science and medicine in the country, will show “the figures of Dr. Cecilia Grierson (1859-1934), the first Argentine doctor, and also a sanitarian Ramón Carrillo (1906-1956), who was the country’s first Minister of Health between 1949 and 1954″.

According to information from the Central Bank of Argentina, “some 200 million $2,000 bills will be printed, which will imply the issuing of 400 billion pesos, a factor that will put pressure on inflation, which is expected to continue high for this year, close to 100 % according to the latest Survey of Market Expectations (REM).”

M.Pino

With information from national and international media and social networks

(Reference image source: Europa Press, Marianakboom)

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La entrada Argentina faces inflation with a new 2,000-peso bill apareció primero en Bitfinance.

Taking as a reference the value of the dollar for mid-September, located at 8.02 bolívares, a devaluation of the Venezuelan currency is estimated at 40 %.

The US currency, on the other hand, has shot up in the market, leading to a 3 % devaluation of the bolivar this Friday. These fluctuations in both currencies are part of the high inflation of the Caribbean country, where purchasing power progressively declines.

According to estimates by the Central Bank of Venezuela (BCV), the value of the dollar has increased by 80 % compared to the bolivar so far this year. Being more notorious the phenomenon that occurred last August, when the value of the dollar exceeded 9 bolivars at the exchange rate.

It is noteworthy that the rise in the value of the dollar has a strong and direct impact on the prices of goods and services, which have been fixed in the US currency for some time.

M.Pino

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Source: bancaynegocios

La entrada The bolivar has suffered a devaluation of 44 % apareció primero en Bitfinance.