The government admitted that there are talks to issue a ticket higher denomination, and that could be $5,000 or $10,000. The novelty is known after the abrupt departure of Rodolfo Gabrielli from the presidency of the Mint, and the assumption of Ángel Mario Elettore is expected in his place.
During 2022, the Central Bank of the Argentine Republic (BCRA) put into circulation 1,419 million tickets of 1,000 pesos, which represent 75% of the total in circulation. In the Senate of the Nation there is a project of the Senator for Tucumán Beatriz Ávila, of Together for Change to create banknotes with higher denominations.
The initiative requests the Ministry of Economy to arbitrate the media with the Central Bank and the Casa de la Moneda, for the issuance of 2 thousand, 5 thousand, 10 thousand and 20 thousand pesos bills. On the basis, the legislator recalls that in 2022 “the highest inflation in 30 years in the Argentine economy” was registered.
In addition, the Tucuman senator added that From the pandemic to this part, “the need for families and the demand for companies to have more cash increased”. In addition, he remarked that a ticket of $1,000, it would need to have a denomination of $9,000 to purchase the same amount of goods and services as at the time of its creation.
Ávila remarked that, currently, the ticket The largest denomination has only 18% of the purchasing power it had in 2017 when it was put into circulation, that is, “a purchasing power five times higher than the current one,” he graphed.
