Buenos Aires | Argentina’s central bank has put the country’s first 10,000-peso notes into circulation, in a long-awaited step to streamline the nation’s cumbersome use of large heaps of cash following the collapse of its currency.
The new notes, each worth $US11 ($17.24) at the country’s official exchange rate, are five times more valuable than the previous largest note of 2000 pesos ($3.45) — which began circulating last year and remains relatively rare — and 10 times more valuable than the more common 1000-peso note.
Financial Times
Source link : https://www.afr.com/world/south-america/argentina-launches-10-000-peso-notes-worth-17-as-inflation-bites-20240509-p5ir1z
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Publish date : 2024-05-09 03:00:00
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