An influencer shared a video on his Instagram account in which he reveals with which Argentine currency you can obtain several dollars. Will you have one of those?
By iProfessional
22/04/2023 – 08,10hs
He $1,000 bill is no longer enough to buy almost nothing and the maximum denomination figure of $2,000 that the Government plans to place on the street in the coming months does not cover current consumption, such as a kilo of a certain cut of meat or cheese or a kilo of artisanal ice cream.
This fact is confirmed with the very high levels of inflation, where the INDEC has just announced that in March it was 7.7%.
Faced with this drop in weight, what can be said about coins that are worth pennies? Despite what one might imagine, there is a coin worth several dollars, and an influencer explained why.
A quarter worth between $20 and $40
“¿Do you have Argentine 25 cent coins?? Go look for them now,” he says @buscandoxahi on his Instagram account. And he adds: “We all think that today these types of coins are worthless, and for the most part this is true, with the exception of one coin: the 1994 magnetic coin“.
“This coin shouldn’t be magnetic as it’s made of cupronickel, but there are some that if you hold a magnet close to them, they’ll stick. This makes it quite a rare variant to get, which adds quite a bit to its price.” assures the instagramer.
“For this coin you can get between 20 and 40 dollars, depending on your state. So if you have a 1994 quarter, grab a magnet and give it a try. Maybe you’ll get lucky and you can get some money out of him,” he concludes.
When will the $2,000 bill begin to circulate?
The Mint will deliver to the Central Bank the new $2,000 bills in June and then it will be the monetary authority that will decide when they will go into circulation.
“Our commitment is that the first batch is finished in June for submission to the Central Bank, but it is not within our power to say when they will go on the street,” sources from the Mint told this agency.
Consequently, there is no specific date for the new bill to be in the hands of citizens, but if the deadlines are met, it would reach wallets at the beginning of the second semester..
In February the Central Bank announced the issuance of the $2,000 bill in response to rising inflationwhich requires an increasing volume of paper to carry out all types of transactions, even minor ones such as paying at a restaurant.
The new banknote was developed together with the Casa de la Moneda and commemorates the development of science and medicine in Argentina.
It will have as protagonists the Malbrán Institute, Dr. Cecilia Grierson and Dr. Ramón Carrillo, precursors in the development of medicine in our country.
The new banknote was developed together with the Casa de la Moneda and commemorates the development of science and medicine in Argentina
On the obverse of the bill, there will be the figures of Grierson and Carrillo and on the reverse the building of the National Institute of Microbiology Dr. Carlos G. Malbrán is represented.
Likewise, in the last few hours it became known that the Mint will import $1,000 bills from France and Malta.
The information was known after the publications of two public tenders to contract two charter flights for May 2 that bring the tickets to the country.
The continuous issuance of paper money to assist the Central Bank and the National Treasury filled the production capacity of the Casa de la Moneda, which for some time had been forced to hire services abroad to meet domestic demand. According to calculations, some $260,000 million would be entering the country.
