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Home Argentine Politics and Economics The deadline for firing San Martín has been extended

The deadline for firing San Martín has been extended

As a result of the mandatory quarantine, the time for redeeming 5 pesos banknotes at financial institutions was extended.

Politics and Economics
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For those who still have a  5-peso ticket  lagging in their wallets, there is good news. Due to the mandatory isolation decreed in the wake of the  coronavirus pandemic, the  Central Bank  decided to extend until  May 29, 2020  the exchange of  Saint Martin .

Until May 29, then, persons holding  five-peso  banknotes must deposit them or exchange them in the bank's boxes, from the time the quarantine is lifted.

'Financial institutions shall receive until 29 May 2020 copies submitted by the public for the purposes of their exchange or accreditation into account and must deposit such banknotes as damaged at the headquarters of the Central Bank until 31 August 2020", details paragraph 6.1 of the  Communication A6948 .

In addition, the Central Bank Communication clarifies that “until 31 August 2020 the status of legal tender for 5 pesos banknotes deposited by financial institutions at the headquarters of this Institution must be recognized.”

In shops,  February 28  was the last day on which 5 pesos tickets could be used. Currently, only currencies of that value are accepted.

One more time, then, to say goodbye to the San Martin tickets that have been saved.

Publication Date: 06/04/2020

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