Daily Management Review

Argentine authorities to introduce new bill amid high inflation


The Argentine government has decided to issue a 2,000 peso bill amid severe inflation.

Alex Proimos
Alex Proimos
According to a report from the Central Bank of Argentina, the government has decided to issue a new bill worth 2,000 pesos due to the country's high inflation rate.

Bills worth 1,000, 500, 200, 100, 50, 20, and 10 pesos are now in use in the nation.

The 500 and 1,000 peso bills are the most widely used in Argentina due to the high increase in consumer prices, which reached 94.8% at the end of 2022. Many analysts have long discussed the need to introduce new bills, such as the 5,000 peso bill.

source: bbc.com