Argentina introduces 10,000 peso note ($10) amid 300% inflation to simplify financial system.
Argentina launches a 10,000 peso banknote worth around $10 amid escalating inflation. This is a response to the country's highest inflation rate nearing 300%. The new note, featuring independence icons Manuel Belgrano and Maria Remedios del Valle, is five times larger than the previous top bill. The central bank aims to simplify the financial system, reduce logistic costs, and facilitate transactions.
May 07, 2024
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