economy and politics

How is the new 2,000-peso bill that began to circulate in Argentina?

( Spanish) — The Central Bank of the Argentine Republic put into circulation this Monday the new 2,000-peso bill, the highest nominal value announced to date.

The Central Bank announced in February the launch of this denomination, which seeks to improve the operation of ATMs and optimize the transfer of cash in the country in the context of high inflation that requires more and more banknotes to pay for goods and services in constant price increases.

The ticket has already lost purchase value as inflation accumulates 21.7% in the first quarter and 104.3% year-on-year.

How is?

The new banknote, designed in collaboration with the Argentine Mint, seeks to simplify high denomination operations in the territory and commemorates the development of science and medicine in the country.

Its design features the Malbrán Institute on the back, and on the front, doctors Cecilia Grierson and Ramón Carrillo, precursors in the development of medicine in the country.

As highlighted by the Casa de la Moneda, the Dr. Carlos Malbrán Health Institute is a public body that participates in scientific and technical policies related to health aspects of the public sphere. Important scientists worked there, such as the Nobel Prize winners Bernardo Houssay and César Milstein. In addition, the analysis and detection of coronavirus cases were carried out in that institution during the most difficult times of the pandemic.

Dr. Grierson was the first doctor in Argentina, graduating in 1886 from the Faculty of Medicine of the University of Buenos Aires. She worked as an obstetrician and kinesiologist, but she was never able to work as a surgeon because of her status as a woman, despite having the qualifying title of the specialty. Grierson played a fundamental role during the cholera epidemic that affected the city of Buenos Aires in 1886.

Dr. Ramón Carrillo was a neurosurgeon, neurobiologist, sanitary doctor and the first Minister of Health of Argentina. He made a great transformation in public health in Argentina, from a social conception of medicine. During his management, massive vaccination campaigns were carried out, making the use of the certificate compulsory for schools.

The statement of the Central Bank

The Central Bank released a statement on Monday informing that the new bill was beginning to circulate, which “will be progressively distributed through the network of bank branches throughout the country.”

The entity stated that “the 2000-peso commemorative bill has strict security measures. Among them, the watermark that reproduces the images of Ramón Carrillo and Cecilia Grierson and the optical variability ink that changes color stand out, with a three-dimensional dynamic effect. In addition, it presents microprinting, latent image, front-back complementation motif and magnetic, infrared and luminescent inks”.

Likewise, and at the same time that the use of electronic means to make payments is growing, he indicates that “this higher denomination bill will improve the operation of ATMs and at the same time optimize the transfer of cash.”



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