World Economy

Argentina to Issue Bigger Notes

Argentina to Issue Bigger NotesArgentina to Issue Bigger Notes

Argentina’s Central Bank said on Friday it would issue higher denomination banknotes this year and next, in the face of double-digit inflation that has gnawed away at the value of the local currency, Reuters reported. The largest bank note in Latin America’s third biggest economy is the 100 peso bill, currently worth $7.4. Cash machines often run out of money over long weekends because they cannot contain enough bills to satisfy demand. From mid-year, the central bank will start circulating 200 peso and 500 peso bank notes, and next year will introduce the 1,000 peso note.