monetary mass
For the movement in the demand for products and the displacement of people during Holy Week, the Central Bank will make an additional cash injection for Q1 thousand 800 million in the economy.
During Holy Week there is a displacement of people to tourist places and recreation centers for the official holiday. (PHOTO FREE PRESS: PL hemeroteca)
The demand for goods and services in the economy increases before and during Holy Week, when there is a greater productive activity in Guatemala a cycle that is seasonal.
The Bank of Guatemala (Banguat) reported that an additional injection of cash or paper money will be made to the economy for Q1 thousand 800 million and money will reach the Q97 billion known as monetary mass.
Vinicio Cáceres Dávila, general manager of the Banguat said that there are cash reserves to meet the cash requirements during Holy Week, which seasonally increases due to the displacement of people to the main tourist sites or recreation centers or place of residence.
The official explained that the defined program will begin this Friday, April 11, Dolores Friday and so on to cover the days of the holiday.
The manager said that paper money is available to meet the system banks requirement, as well as companies that manage automatic dispensers. Each year the monetary mass increases in Guatemala and is additional injection will not generate inflation pressure.
In Guatemala, the official holiday begins on Holy Wednesday, April 16, but some government entities for collective pacts grant that day as part of the labor agreements and the displacement of people begins.
Like there is a suspension in the public and private sector school activities from Friday of Dolores.
The activities will be resumed on Monday, April 21.