anonB on Nostr: “Argentina introduced its largest-denomination banknote on Monday as inflation ...
“Argentina introduced its largest-denomination banknote on Monday as inflation running at more than 100% a year forces the population to carry ever growing stacks of cash to pay for everyday purchases.
Yet the new 2,000 peso note put into circulation by the nation’s central bank is valued at only about $4, according to commonly used parallel exchange rates. At the official rate, which is overvalued by currency controls and restrictions imposed by the government, it’s worth about $8.50. “
Yet the new 2,000 peso note put into circulation by the nation’s central bank is valued at only about $4, according to commonly used parallel exchange rates. At the official rate, which is overvalued by currency controls and restrictions imposed by the government, it’s worth about $8.50. “