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  3. The Argentine Economy

20,000 note in circulation

  • GlasgowJohn
  • November 13, 2024 at 4:20 PM

There are 14 replies in this Thread which has previously been viewed 1,114 times. The latest Post (November 14, 2024 at 10:45 PM) was by Rice.

  • GlasgowJohn
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    • November 13, 2024 at 4:20 PM
    • #1

    It will probably be a while until we see one , but it seems it's now in circulation.

    We are now able to get the 10,000 note from ATMs , so hopefully there will not be a huge delay on this one.

    El Banco Central ya puso en circulación el billete de $20.000
    Con algo de demora respecto de lo que se había anunciado en un inicio, el BCRA inició la circulación del billete de $20.000, que pasa a ser el de mayor…
    www.ambito.com
  • serafina
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    • November 13, 2024 at 4:25 PM
    • #2

    Am I the only one who finds these notes visually challenging? I often mix up the $2000 note with the $10,000 note because they are both fair. I found the former design (animals) much easier to use, with every note being of a distinctive color (purple, blue, green, orange etc.)

    The new ones reeks of Latin American "banana republic" all over!

  • GlasgowJohn
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    • November 13, 2024 at 4:54 PM
    • #3
    Quote from serafina

    Am I the only one who finds these notes visually challenging? I often mix up the $2000 note with the $10,000 note because they are both fair. I found the former design (animals) much easier to use, with every note being of a distinctive color (purple, blue, green, orange etc.)

    The new ones reeks of Latin American "banana republic" all over!

    Not just you...

    A few times I mixed up the 10k with the 2k.

    So what I do now is keep the 10k notes in the leather wallet I had stopped using....

  • Bombonera
    Guest
    • November 13, 2024 at 5:37 PM
    • #4

    I thought it was just me that worried about getting mixed up between the 2s and 10s.

    And of course now as and when you come to hand over a 20k note, you’ll be asked,

    “Have you not got anything less?”

  • Online
    Rice
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    • November 13, 2024 at 7:07 PM
    • #5
    Quote from Bombonera

    I thought it was just me that worried about getting mixed up between the 2s and 10s.

    And of course now as and when you come to hand over a 20k note, you’ll be asked,

    “Have you not got anything less?”

    Oh man! You are asked that even when something costs 1800 and you hand over a 2000 note!

  • Bombonera
    Guest
    • November 13, 2024 at 8:31 PM
    • #6

    I like to keep an array of all notes in my wallet but when those 20 peso notes have sat in my wallet a few days I want rid of them. If I crumpled them up in my hand and rolled them around a little I swear they would turn to dust which is all they’re worth of course. But my Chino lady growls at me less if I can give her the right money.

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    UK Man
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    • November 13, 2024 at 9:55 PM
    • #7

    A 200,000 note wouldn't get you a decent bottle of Lagavulin. :rolleyes:

  • Online
    Rice
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    • November 14, 2024 at 11:40 AM
    • #8
    Quote from Bombonera

    I like to keep an array of all notes in my wallet but when those 20 peso notes have sat in my wallet a few days I want rid of them. If I crumpled them up in my hand and rolled them around a little I swear they would turn to dust which is all they’re worth of course. But my Chino lady growls at me less if I can give her the right money.

    The clerks at the major supermarkets do the same thing. Part of their training. And our VERY busy verduleria asks if you have smaller change; if you don’t, they just stiff you.
    Their problem - not getting/keeping sufficient smaller bills - becomes yours, because they are not about to be the ones who pay for not having enough cash for their mostly-cash business.

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    UK Man
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    • November 14, 2024 at 11:46 AM
    • #9
    Quote from Rice

    The clerks at the major supermarkets do the same thing. Part of their training. And our VERY busy verduleria asks if you have smaller change; if you don’t, they just stiff you.
    Their problem - not getting/keeping sufficient smaller bills - becomes yours, because they are not about to be the ones who pay for not having enough cash for their mostly-cash business.

    That scam's been going on for years and drives my missus mad. When it happens to her she demands in no uncertain terms they lose out not her. Suddenly, as if by magic, the correct change is found. :rolleyes:

  • serafina
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    • November 14, 2024 at 1:19 PM
    • #10

    If it is any consolation, my uncle was having the same dispute with the newspaper stand in front of his house in Italy. He used to read daily mainstream newspaper. Every morning, he went to the newsstand as soon as it opened because he woke up very early and he liked to read his newspaper in the morning.

    Most of the days, the owner of the newsstand said he had no change to give. This happened several times, moving the burden to the customer to come with the exact change. My uncle challenged him and told him it had already happened several times - why didn't he kept some change available?!

    The owner's explanation was that they emptied the cashier in the evening, and to come back later in the morning if he wanted the change. My uncle got mad and told him that he could subscribe to the newspaper but that he wanted to support a local business by shopping there in person, but that he was starting to reconsider.

    Do you think the newsstand owner changed his stand (excuse the pun)? No!

    In the end, I think my uncle stopped buying the newspaper because the thought of going there just to play that pantomime where the newsstand owner pretended it was impossible for him to return any change first thing in the morning just made him upset since the early of the day.

  • aficionado
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    • November 14, 2024 at 1:24 PM
    • #11

    I find the major supermarkets always round up in the clients favor. I was under the impression or my imagination is that is the law. I remember when small places and all the verdulerías would at least try with a trade of a lemon or a small piece of candy instead of the missing centavo coins.

  • serafina
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    • November 14, 2024 at 2:00 PM
    • #12

    Yes, there was a law (I can't remember if it was in CABA or national) that mandated to round down to the next 5-cent in favor of the client. Obviously, this wouldn't change a thing nowadays given that $5 paper bills are long gone and the coins are a pain.

    The "lack of change" is so dire that they will round up to whatever allows them to provide a change.

    For example, this morning I was at El Puente (supermarket), the bill was $1915. I handed $2000 and then realized I had a $20. I offered the $20, the cashier took it and I got $100 back.

    Had I kept my mouth shut, I would have saved $15. Instead, I overpaid by $5. The amounts are so little that I am not complaining about it, it is just to show how distorted is the whole "round up/down" issue at the moment.

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    Rice
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    • November 14, 2024 at 3:31 PM
    • #13

    I’ve wondered about just dramatically snagging a bananana on the way out. But with today’s costs, a banana could be more than the change. Maybe I should dramatically brandish a cherry tomato, pop it into my mouth, and make a grand exit.

  • GlasgowJohn
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    • November 14, 2024 at 4:52 PM
    • #14
    Quote from aficionado

    I find the major supermarkets always round up in the clients favor. I was under the impression or my imagination is that is the law. I remember when small places and all the verdulerías would at least try with a trade of a lemon or a small piece of candy instead of the missing centavo coins.

    The law states that the consumer should not be short changed.

    I would stand my ground and say , this till is blocked until you find change.

    Today in Coto , I was behind a lady paying a 160,000 bill in 500 notes....

  • Online
    Rice
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    • November 14, 2024 at 10:45 PM
    • #15

    How many hours did that take, GlasgowJohn ?

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