During the coverage we did on Perfil.com Journal and through the profile I wrote some ideas and guidelines for data to understand why during the last week
in some branches of banks reached available cash in its cash to meet the demand for physical tickets.
- crisis "or Printing Problems?
According to the newspaper survey, only cash was missing in the last week in only five bank branches throughout the country. According to the Bankers' Report
Central Bank, all over the country there are 4,102 branches. That is, only "missing money" in the 0.12% of banks have ATMs. I honestly could not say that "the lack of money is spread throughout the country."
However, the Central Bank admits that the production of banknotes of the Mint is the limit (hence the charge tickets to Brazil). Moreover, growth GDP and inflation means that increasingly need more quantity of paper money for the transactions of the economy.
- Over $ 100 bills produced in Brazil
Central Bank instructed the Mint in Brazil a new set of bills of one hundred dollars, the S, is $ 10,000 million = 100 million units of money.
local competitive bidding for printing the new notes are awarded at the discretion of time: a joint venture formed by the Mint in Argentina and the Mint of the game in Brazil promised least amount of time. Why is not printed on Buenos Aires?
The operational capacity is the limit: only 350 million tickets a year, adding that the age of the equipment is 30 years. Meanwhile, the annual shot that requires the economy is about 600 million units.
Data: Central Bank sources say the Mint requires a maximum strength of 400 staff employees, but now the plant is 1,000. Cash
ATMs Park has not expanded significantly up over the past three years. Now the economy demands more physical tickets (the economy grew and inflation degrades the value of money) and operational capacity of the cash machines did not change much.
Conclusion: The burden of the cash runs out faster. That explains, in part, that these days almost no change (units of ten and twenty) and withdrawals are usually offered with tickets $ 50 and $ 100.
Monetary Program 2011 of the BCRA allows an expansion of cash deposits in savings and current account, called M2, up to 42% annually, twice what was stated in the program year past, which failed. (Source
)
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