Recently, the possibility of the appearance of a bill of 5 thousand Argentine pesos. This bill entered Congress so that legislators regain powers in the Central Bank to decide the issuance of banknotes.
This project had been presented in 2020in full pandemicbut due to the rampant inflation that the country is suffering, the proposal to raise the highest denomination bill in our country is resurfacing.
This is a request that the financial system has been making for years Condition, which, obviously, is aggravated due to the aforementioned inflation. The Government For its part, it initially presents a refusal and promotes electronic operations, which facilitate the exchange of large quantities of money.
The $1,000 bill, currently the one with the largest denomination in our country, is a tribute to one of the most representative species of our country, the hornero, the national bird of Argentina. This banknote was announced and put into circulation more than 4 years ago, in December 2017, and accumulates a devaluation of more than 90% when making the equivalence in dollars. It is for this reason that the request for a higher denomination note is almost desperate.
By updating the face value of this bill, instead of $1,000, its value would be more than $4,500, basically, a new denomination bill is needed. $5,000 to equate values.
This value was aggravated so much due to the strong increase of the official dollar during these years, forming an incredible 506.72% in just four yearsfrom December 2017 to December 2021.
claim to science
The ticket would give rise to the science, since, unlike the thousand dollar bill, which has an animal, the new bill would once again have historical figures from the country. The chosen ones in this case are Cecilia Grierson Y Bernard Houssay.
Grierson She was a teacher, philanthropist and the first doctor of Argentine nationality, which makes it very important in the history of science in our country. While Houssay was an Argentine doctor, professor and pharmacist who managed to obtain a Nobel Prize in Medicine, being the first Latin American to win this award, among many other individual achievements.
This would be the first time a double claim inside a bill in our country.
In article 75 of the Constitution there are two key paragraphs: «Establish and regulate a Federal Bank with the power to issue currency, as well as other national banks. Have currency stamped, fix its value and that of foreign ones; and adopt a uniform system of weights and measures for the entire Nation”, so that, if this bill is defined, the creation of a new ticket can be considered as a real possibility.
For all these reasons, it is almost essential to issue a bill with a higher denomination, since the current $1,000 bill, which has lost much of its value since it was launched, currently having less than 20% of the purchasing power it had when it was put into circulation.
We would love to give thanks to the author of this short article for this incredible content
Once again the debate was opened for a new 5 thousand peso bill